Based out of Milan, Italy, FLEEP Technologies produces integrated circuits, sensors, and actuators, fully printed for the highest added value. Recently, the startup of Istituito Italiano di Tecnologia (IIT) has raised €800K led by Pariter Partners Syndicate, the members of Italian Angels for Growth (IAG) and Club degli Investitori, together with the Cogliati Family.
The company intends to use this funding to bring its “printed electronics” technology to the market, to print integrated circuits, the components at the basis of computing capacity and automatic control, as well as essential elements for the digitization of information.
Notably, FLEEP Technologies was founded in mid-2019 by young researchers Giorgio Dell’Erba and Paolo Colpani and led by Mario Caironi within the Center for Nano Science and Technology (CNST) of IIT in Milan, with the intent to industrialise an innovative manufacturing process of printed electronics with reduced environmental impact.
This platform allows realising an electronics-based not silicon but biocompatible and recyclable carbon-based polymers. In this way, it is possible to have flexible electronic circuits adaptable to any surface, produced through traditional printing techniques, such as rotogravure, screen printing or inkjet printing, on different materials such as plastic, paper, fabrics, etc.
Giorgio Dell’Erba, co-founder and CEO of FLEEP Technologies:
“The closing of this round is a success for us and will allow us to improve the technology, bringing it to very high levels of performance and solidity, with a view to its subsequent development on an industrial scale. What we bring with us from this fundraising is the awareness that even in Italy there are investors who are attentive to emerging technologies, even if far from commercialization, who want to invest and take risks together with the founding team by focusing on value co-creation.”
Alessandro Brighenti, IAG partner and Champion of the investment in Fleep:
“Even at this time of market crisis, IAG’s angels do not stop supporting the Italian economy to promote recovery through innovation. FLEEP Technologies immediately attracted great attention among IAG members, for the idea but even more so for the quality and the caliber of the team. Interest that has grown and consolidated during the various phases of the negotiations. The investment in FLEEP Technologies attests to the importance of opportunities in IAG’s leading innovation sectors. IAG, on the other hand, is also confirmed as the ideal partner for these Deep-Tech start-ups that can count on the widest wealth of experience and expertise accumulated and shared by the members and on constant accompaniment throughout the investment”
Main image credits: FLEEP Technologies
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