venture leader SWISSto12 closes its Series A financing round
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The venture leader USA SWISSto12 announces the closing of a Series A financing round with lead investor Constantia New Business GmbH, the corporate venture capital branch of Constantia Industries AG in Vienna, Austria. Private Swiss investors also joined this financing round.
The 3D-printed components for the transmission of Terahertz signals made by the TOP 100 Swiss Startup are extremely powerful. The components are used for signal transmission in scientific instruments. But there's more; thanks to a cooperation agreement with the European Space Agency (ESA), SWISSto12 has also cracked the market for satellite communication. The startup also has plans to establish itself in the huge market for telecommunications in aircraft, trains, ships and vehicles.
The funding provided will serve the industrialisation of SWISSto12’s production process and its certification against use in space and aeronautical environments. “This is a major milestone that will allow us to move from the existing product validation we have been working on with our customers, to an industrialised and certified product portfolio. It is a pleasure for us to bring Constantia New Business on board and benefit from their strong industrial heritage”, says Dr. Emile de Rijk, co-founder and CEO of SWISSto12. “We are very much looking forward to working with the team at SWISSto12 and support their international growth plans. The company’s innovative technology has already received excellent feedback from industry leading customers.”, says Sabine Fleischmann, who will represent Constantia New Business on the SWISSto12 board.
