TactoTek raises €1.5M in seed money from Conor Venture Partners.

TactoTek Inc., a Finland-based touch panel developer today announces that the company has successfully closed its seed financing round led by Conor Venture Partners and VTT Ventures.

CEO Mr. Juha Salo from TactoTek says: “This investment will enable us to complete our engineering activities and increase our resources in the sales and marketing. These funds are also very valuable for starting our operations in the areas of sourcing and manufacturing.”

Managing Partner, Mr. Jari Mieskonen from Conor comments: “This is our second coinvestment with VTT Ventures. VTT’s extensive technology resources provide a kick-start to a spin-off company like TactoTek. This young company has been able to build an IPR-pool stronger than similar tech companies alone. The novelty of the process, with wide application areas can open doors to fast growth and many opportunities in various industry fields. ”

Investment Director Mr. Erkki Aaltonen from VTT Ventures adds: ’’It is a pleasure to invest in TactoTek with Conor and we have great expectations for the company. We believe that they are out there at the right moment when there is a strong market pull taking place within the touch panel industry’’.