News2020-01-07T08:14:49+00:00

NEWS

Eurekite closed an investment round of €4.2 million

Eurekite closed an investment round of €4.2 million, enabling us to scale-up the production capacity of our breakthrough Flexiramics® materials.

We are delighted to announce that we have reached this crucial milestone. This funding will improve our ability to deliver Flexiramics technology to our customers who can integrate it in their everyday devices and processes, bringing many benefits to society.

The new follow-on investment round of € 4.2 million comprises a substantial loan from RVO (Netherlands Enterprise Agency), the equipment lease facility from the Twente-based High Tech Fund, and an equity investment provided by a group of regional investors, including Lumana Invest, Oost NL through Innovation Fund Twente and Demcon. Between 2015 and 2020, Cottonwood Technology Fund provided seed and follow-up investments amounting to a total of € 2.75 million.

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UT-spin-off Eurekite has been awarded with a grant by the European commision.

UT-spin-off Eurekite has been awarded with the seal of excellence and the SME instrument phase 1 grant by the European commission. This achievement shows the high level of quality of Eurekite’s technology, as it is one of the most competitive grants with only less than 10% of the applications receiving it. The grant is meant to scale up production for the Flexiramics® technology for the use in heat dissipation.

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Eurekite wins best start-up Twente 2018.

Eurekite has won Best Start-Up of Twente at the Twentse Business competition 2018 on the 16th of November 2018. This competition was hosted by Tom’s Business Blow Out in the football stadium Grolsch Veste.

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Our aim is to deliver customized Flexiramics® that will enable your new products. Combining expertise and efforts in co-development will allow us to achieve the best results.

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