Picosun Oy has raised US$13.5 million in the course of a fundraising
Picosun Oy has completed a US$13.5 million fundraising.
Picosun is a global leader in advanced atomic layer deposition (ALD) thin film coating technology. The company's highly advanced technology and unmatched expertise in the field of ALD have achieved global recognition. Picosun's ALD equipment portfolio ranges from fully automated, semi-compliant batch and cluster systems for high volume manufacturing to smaller scale R&D and pre-pilot production tools. Picosun had a revenue of over US$29 million in FY2018 with a CAGR of 34% in FY2015–2018.
Picosun's ALD coating technology is used for protection of components such as sensors, optoelectronics, displays, jewelry, coins, and medical devices. ALD technology enables the creation of precise films with a thickness of less than a nanometer, which is a prerequisite for the functionality of modern electronics. New applications for ALD are constantly found in e.g. medical technology.
Picosun received an investment from some of the leading Finnish investors CapMan Growth fund, Finnish Industry Investment Oy, and Risto Siilasmaa’s First Fellow Partners. In addition, existing investor shareholders made an add-on investments in the company. The investment provides significant opportunity for Picosun to further accelerate its profitable and organic growth globally.
Oaklins' team in Finland acted as the exclusive financial advisor in the fundraising round.
Talk to the deal team
Related deals
The assets of IMG have been acquired by SLV Mecklenburg-Vorpommern
The assets of Ingenieurtechnik und Maschinenbau GmbH (IMG) have been acquired by SLV Mecklenburg-Vorpommern GmbH (SLV-MV) through an asset deal as part of IMG’s insolvency proceedings.
Learn moreLauak Group has sold a majority stake to Wipro Infrastructure Engineering
After careful strategic reflection to secure the group’s future, Lauak Group’s shareholders have chosen an industrial partnership, in line with the ongoing consolidation trend in the market. Attracted by opportunities for innovation and international expansion, the Charritton family, founders and long-term shareholders, regard Wipro Infrastructure Engineering as a trusted industrial partner. The historical shareholders remain minority stakeholders, and the current CEO continues to lead Lauak.
Learn moreQuantum Base has completed a fundraise
Quantum Base Holdings plc (AIM: QUBE) has successfully completed a US$5.7 million fundraise.
Learn more