Canatu announced a capital raise of EUR 12M from Asian strategic investors.

Canatu Oy, a Helsinki, Finland-based company manufacturing transparent conductive films for specialty flexible and formable touch sensing applications, announced a capital raise of EUR 12M ($14.3M).

The money comes from new strategic investors, Japanese DENSO Corporation (which contributed with EUR 6M) and Chinese Ascend Capital Partners (which contributed with EUR 4M). Existing investor, Faurecia, was also part of the investment round.

Canatu, founded in 2004 and led by CEO Juha Kokkonen, develops and manufactures innovative 3D formable and stretchable films and touch sensors. These transparent and conductive films can be integrated into plastic, glass, textile or leather enabling 3D touch displays, smart switches and other intuitive user interfaces.

Canatu is a well-funded company, having raised more than $30M in equity funding from investors including Tekes, Inventure or Infosto.