Funding

[Funding alert] Swedish Deep Technology Company N-ink wins €1M from Voima Ventures

Jan 12, 2024 | By Startup Rise EU

Swedish Deep Technology Company N-ink wins €1M from Voima Ventures from Helsinki- and Stockholm-based early-stage investor Voima Ventures.

Swedish Deep Technology Company N-ink wins €1M from Voima Ventures from Helsinki- and Stockholm-based early-stage investor Voima Ventures.

Scientists at Linköping University in Sweden's Laboratory of Organic Electronics founded N-ink in 2020. The business offers scalable, high-performing conductive polymers that enhance solar cell and battery performance and are helpful in printed electronics, the Internet of Things, and bioelectronics.

Silicon chips, which provide processing, and a wide range of specialised flexible polymer devices, which offer sensing and charging, are generally combined to create IoT technology.

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When taken together, these systems allow for the easy integration of new functions and materials, like paper, fabrics, and large-area carriers. However, devices that rely on the balanced transfer of positive (holes) and negative (electrons) charges are required for low-power operation and greater functionality.

N-Ink produces and offers n-type inks with unmatched performance in order to meet this challenge. Its proprietary n-Inks are comparable to p-type inks sold in stores and are very conductive, stable, and easy to handle.

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Early-stage Nordic and Baltic startups and research teams with ground-breaking science-based inventions were the focus of the Science Challenge. N-ink wins the challenge and gets a €1 million investment from Voima Ventures in the form of a convertible note.

Johannes Bintinger, co-founder and CEO of N-ink, said: "We are delighted and honoured to win this contest, but the most significant contest of all is against climate change. N-ink is not just shaping the future of printed electronics; we are rewriting the rules of sustainability and innovation.”

Inka Mero, Founding Partner of Voima Ventures, shared: “We are thrilled to back N-ink in their journey to the next stage. N-ink demonstrates the deep scientific and research foundation of the Nordic region combined with a unique innovation, big market opportunity, and ambitious team. Disruptive in many ways, N-ink builds a truly positive impact on the future of the whole planet. Voima Ventures looks forward to supporting the team for the years to come.”

About N-ink

N-ink, The Internet of Things, or IoT, is a network of electronic devices that includes solar cells, batteries, displays, and sensors. It is transforming our civilization by offering entirely new tools to support our contemporary way of life.

Read also - Spanish Mobility Company Cabify was Secures €15 Million loan from BBVA Spark

IoT technology is primarily composed of silicon chips, which provide compute, and a wide range of specialised flexible polymer devices, which provide charging and sensing.

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