Canatu raises 12 million euros global fundingStaff Writer | December 1, 2017
Canatu announced a capital raise of 12 million euros. The round consists of two new investors, DENSO Corporation and Ascend Capital Partners as well as an existing investor, Faurecia.
Finance Japanese DENSO Corporation
A new strategic investor, Japanese DENSO Corporation, a leading global automotive supplier, invests 6 Million euro to Canatu Oy. DENSO believes Canatus 3D technologies offer great product and business opportunities in the futures mobility technology.
The other new strategic investor, Ascend Capital Partners, is a China and Europe focused venture capital firm, that believes in Canatus technologies. They are helping to further Canatus expansion into the fast-moving Chinese automotive markets with their investment of 4 Million Euros and simultaneous purchase of existing shares.
Faurecia, one of the worlds largest automotive suppliers, is convinced of the potential of Canatus unique formable touch sensors, which enable design freedom for the cockpit of the future. Faurecia wants to deepen the relationship with Canatu through an additional investment of 2 Million Euros. ■