Automotive parts manufacturer Faurecia has invested in TactoTek, a VTT spinout that manufactures injection-moulded electronics used in vehicles and home appliances.
TactoTek, a Finland-based three-dimensional moulded plastic electronics manufacturer, has increased its total funding to more than $20m following a round that featured Faurecia Ventures, the investment arm of automotive parts maker Faurecia.
Other investors in the round, which closed in December 2016, were not named. The current shareholders of TactoTek, a spinout of public research institute VTT Technical Research Centre of Finland, include VTT Ventures, the institute’s investment arm.
Leaguer Group, the private equity firm backed by the Research Institute of…
