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Eindhoven-based deep-tech startup FononTech announced on Tuesday that it has secured €2.3M in a seed round of funding.
The investment came as a convertible loan from TTT Smart Industries Fund, SHIFT Invest, Brabantse Ontwikkelingsmaatschappij (BOM), the Brabant Startup Fonds (BSF), and renowned investor Sake Bosch.
Rabobank has also granted a loan.
The Dutch startup says it will use the funds to develop its printed micro-electronics technology further and prepare for the scale-up phase.