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.