Nanotech startup Feelit raises $7 million led by Continental and Henkel | Ctech – CTech

Haifa-based nanotech startup Feelit has completed its first significant funding round, announcing on Monday that it has raised a $7 million Series A, four years after its founding. German automotive parts giant Continental and Henkel Tech Ventures, the corporate venture capital arm of Henkel Adhesive Technologies, each invested $3 million, with the Vasuko Global Tech Fund investing $1 million.

This funding round is a significant step in our global strategic efforts, said Konvalina. "We're excited to have Tier 1 international partners on board who provide us not only with capital, but in addition, contribute their extensive strategic knowledge, experience and market reach.

Feelit

Data access and quality are key challenges in any predictive maintenance setup, especially when dealing with legacy infrastructure," noted Nils Berkemeyer, Partner at Continentals venture capital unit. "Feelits state of the art sensing technology seamlessly integrates with any existing manufacturing setup and delivers superior data quality via proprietary non-invasive sensors. We are excited to be an early backer of such a transformative company and see various key applications at Continental, which can thrive in combination with Feelit."

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Nanotech startup Feelit raises $7 million led by Continental and Henkel | Ctech - CTech