Dutch Startup TracXon Secures €4.75 Million In Pre- Seed Round

The round included €2 million from Invest-NL’s Deep Tech Fonds, alongside DeepTechXL and Brabantse Ontwikkelings Maatschappij (BOM). TracXon’s flexible, double-sided, and sustainable electronics aim to replace traditional PCBs in MedTech, automotive, and consumer electronics.

Ashok Sridhar, Co-founder and CEO, says, "TracXon is bringing about a fundamental change in electronics manufacturing. From traditional and polluting to efficient and sustainable. This investment round brings us closer to our goal of replacing at least 10% of PCBs with our HPE technology by 2033.

"This represents approximately €15 billion worth of circuits per year. Our technology is a huge step towards ‘ubiquitous electronics’ – electronics that are all around us – in a socially responsible way."

Read Also - Italy-based Superstudio Events Acquires Audiolux

Founded in 2022, TracXon has grown from lab-scale research into a production-ready technology company. Its patented roll-to-roll (R2R) process is reportedly Europe’s first to print electronics industrially on flexible, stretchable films, producing thinner, bendable, and recyclable electronics without copper, solder, or toxic chemicals—a cleaner, circular alternative to traditional PCBs.

The funding will accelerate TracXon’s expansion and the commercial launch of its R2R VIA Printer which connects circuit layers on both sides of a flexible substrate, enabling scalable mass production of sustainable HPEs. The first units are expected by mid-2027, with additional funds supporting custom equipment development to refine R2R technology and cut carbon emissions by up to 80%.

Liz Duijves, Investment Manager at Invest-NL, added: "TracXon’s technology opens doors to applications that were previously unimaginable. Think of medical plasters with integrated biosensors or smart, interactive surfaces in cars. The fact that their technology is also much more sustainable than traditional electronics makes us, as Deep Tech Fonds, not only proud but also hopeful about where the industry can go."

Amid growing focus on supply chain resilience and sustainability, TracXon is emerging as a game-changer. Its technology has attracted customers from over 10 countries and more than 20 co-development partnerships across life sciences, automotive, and IoT. Clients gain access to advanced printed electronics without investing in in-house production.

The funding follows a recent collaboration between TNO, Techleap, and Invest-NL to accelerate deep tech innovation and strengthen Europe’s technology ecosystem.

Hans Boumans, director of TNO Ventures, says, "We are proud of this achievement. TracXon is a good example of how TNO innovations can grow into impactful companies. TNO invests in technologies that create a better world, and TracXon contributes directly to a more sustainable future by fundamentally changing how electronics are produced."

By prioritizing scalability, sustainability and cross-sector applicability, TracXon addresses the environmental issues of traditional PCBs while driving the development of a more flexible, circular electronics industry in Europe.

About TracXon

TracXon is shaping the future of Printed Electronics, transforming innovative ideas into sustainable, scalable solutions. By combining advanced fabrication techniques with continuous product and process innovation, we enable next-generation electronics that are efficient, eco-friendly and industry-ready, redefining how printed electronics are designed, manufactured, and integrated worldwide.