Sparknano raises €5.5M to scale its spatial-ALD tech

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Spatial-ALD equipment supplier Sparknano has completed a 5.5-million-euro funding round. The investment was led by Aliad, the venture capital arm of Air Liquide, and supported by Somerset Capital Partners and Invest-NL as well as existing investors Innovation Industries, Brabant Development Agency (BOM) and TNO. Sparknano will use the acquired capital to scale up.

Credit: Sparknano

Originally spun off from TNO’s Holst Centre as Saldtech to develop spatial-ALD equipment for OLED displays, Sparknano rebranded earlier this year to mark a shift of focus toward energy technology. This includes electrolyzers, fuel cells, batteries and solar cells. Customers use Sparknano’s tools to deposit well-defined thin films that perform a function (eg catalysis), enhance performance (eg raise efficiency) or increase lifetime.