TactoTek
Financials
Estimates*
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | <1m | <1m | 2.8m | 1.5m | 1.8m | 1.8m | 1.8m |
| % growth | - | 22 % | 194 % | (45 %) | 15 % | - | - |
| EBITDA | (4.0m) | (6.7m) | (6.2m) | (6.1m) | (5.9m) | - | - |
| % EBITDA margin | (510 %) | (708 %) | (222 %) | (398 %) | (334 %) | - | - |
| Profit | (5.4m) | (8.1m) | (8.9m) | (8.4m) | (9.3m) | - | - |
| % profit margin | (695 %) | (857 %) | (322 %) | (548 %) | (525 %) | - | - |
| R&D budget | 2.0m | 2.0m | 3.0m | 2.0m | - | - | - |
| R&D % of revenue | 258 % | 212 % | 108 % | 130 % | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
N/A | Spinout | ||
$460k | Seed | ||
€1.5m | Seed | ||
€1.0m | Seed | ||
$3.3m | Early VC | ||
€150k | Early VC | ||
€2.7m | Early VC | ||
$7.0m | Early VC | ||
€2.5m | Grant | ||
$9.2m | Early VC | ||
$6.0m | Early VC | ||
* | $23.0m | Series B | |
N/A | Debt | ||
N/A | Grant | ||
€23.0m | Series C | ||
€15.0m | Debt | ||
| Total Funding | €75.4m | ||
Recent News about TactoTek
EditTactoTek is a pioneering company in the field of In-Mold Structural Electronics (IMSE). This technology integrates electronic functions directly into 3D plastic structures, making products lighter, thinner, and more efficient. TactoTek primarily serves clients in the automotive and electronics industries, providing innovative solutions that enhance design and functionality while reducing weight and complexity.
The company operates in the global market, targeting manufacturers and designers who seek to differentiate their products through advanced technology. TactoTek's business model revolves around licensing its IMSE technology to manufacturers, enabling them to produce smart surfaces and integrated electronic components. This model allows TactoTek to generate revenue through licensing fees and royalties from the mass production of IMSE-enabled products.
TactoTek's clients include major automotive companies like Geely, which uses IMSE technology for seat control units and other integrated structures. The company has also collaborated with Covestro to showcase smart surfaces at CES 2022, highlighting its commitment to innovation and sustainability. TactoTek's technology has been recognized with several prestigious awards, including the CES Innovation Award, underscoring its impact on the industry.
In addition to automotive applications, TactoTek's IMSE technology is used in home appliances and other consumer electronics, offering brand differentiation and cost efficiency. The company's focus on sustainability is evident in its efforts to improve industrial resource usage and reduce energy consumption.
Overall, TactoTek stands out for its ability to combine aesthetics with functionality, providing seamless, easy-to-clean surfaces that are both beautiful and practical. The company's innovative approach and strategic partnerships position it well for continued growth in the rapidly evolving market for smart, integrated electronic solutions.
Keywords: IMSE, TactoTek, automotive, electronics, smart surfaces, lightweight, integrated structures, licensing, innovation, sustainability.