Finland’s Chipmetrics secures €2.4M in a seed funding round

Chipmetrics, a Joensuu-based Atomic Layer Deposition (ALD) technology company, has announced the closure of a €2.4 million investment round co-led by HTGF and OCCIDENT. The fresh round will be used for accelerating its product development and expanding in the market.

About Chipmetrics

• Chipmetrics Oy develops and delivers metrology solutions for manufacturing processes for the semiconductor industry. The company’s business is based on the sale of metrology chips and measurement services whose applications are focused on ALD technology, a surface-controlled layer-by-layer process that results in the deposition of thin films one atomic layer at a time.
• The company’s main product is the PillarHall metrology chip for thin film process conformality measurement. The company was founded in 2019 and is headquartered in Joensuu, Finland. In addition, Chipmetrics has employees and sales partners in Japan, South Korea, the USA, and Germany.

Who are the investors?

• The German High-Tech Gründerfonds (HTGF) that focuses on high-tech startups in the fields of digital tech, industrial tech, life sciences, chemistry, and related business areas. Since launching in 2005, it has supported over 700 startups.
• OCCIDENT, an international venture capital investor with offices in Munich and Zug. It invests in deep tech startups in fields of life sciences, industrial, and digital tech.
• Innovestor, a Finnish investment company focusing on venture capital and real estate. Currently, the firm manages six VC funds with total capital of over €250 million. Recently, it has joined a €3.4 million round for Ward 24/7.

• Redstone, a European early-stage venture capital firm headquartered in Berlin with offices in Zurich and Helsinki. Redstone manages a diverse portfolio of over 80 companies, focusing on climate, fintech, industrial tech, social impact, and quantum tech.

Chipmetrics has already established a reputable position in thin film process development with its innovative PillarHall Lateral High Aspect Ratio (LHAR) test chips. Chipmetrics’ products convince with their unique use interface, precision, speed, and cost-efficiency in the complex 3D measurements. Our investment reflects our confidence in the Chipmetrics’ team and the success of the highly innovative technology on the global semiconductor market,

Simon Schild von Spannenberg, an investment manager from OCCIDENT, commented.

Chipmetrics will spend the investment to accelerate its product development efforts, scale production capabilities, and expand its market presence with the already existing international customer base.