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

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.

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.