TactoTek gets $6M in capital investment from Ascend Capital Partners.

TactoTek, an Oulu, Finland and Bloomfield Hills, MI, USA-based company which does manufacturing and technology licensing of 3D smart in-mold electronics, announced closing EUR 5M ($6M) in investment financing from Ascend Capital Partners.

TactoTek, founded in 2011 and led by CEO Jussi Harvela, creates injection-molded structural electronics that integrate flexible printed circuitry and discrete electronic components into mass-produced 3D injection-molded plastics. With its patented and patent pending technology, TactoTek enables differentiating and cost-effective designs with highly scalable production processes. Because TactoTek encapsulates electronics and circuitry in injection-molded plastics, the resulting products are inherently durable and protected from the environment.

The company has raised more than $20M from investors including Conor Venture Partners, Faurecia Ventures, Finnvera, Nordea, Shenzhen Leaguer Venture Capital, Tekes and VTT Ventures.