Hardware

Touchnetix secures $12M in financing

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November 30, 2022

Touchnetix AS, a Trondheim, Norway-based provider of human-machine interface semiconductor chips and sensor modules, has secured 120 MNOK ($12 million) in financing, according to a press release.

Existing and new shareholders who participated in the financing include Alliance Venture, Bergan, Calypso Invest, Djerv Holding, Fyrva, Investinor, Investitude, LER Invest, Motor-Trade Eiendom & Finans, R. Munkhaugen, Reitan Kapital and Wiski Capital (in alphabetical order). Sparebank 1 Markets was the company's financial advisor in the transaction.

Touchnetix provides user experiences for touchscreens and smart touch surfaces such as touchpads, rotary dials, door handles, steering wheels and other dashboard and control function areas.

The funds will be used to further expand the company's R&D, manufacturing, sales and customer support services.

"We are delighted to be supported by such a strong base of investors, and that we continue to experience such a high level of interest in Touchnetix despite the challenging economic environment," Vegard Wollan, co-founder and CEO, said in the press release.