Stantum secures $13 million in Series B funding

Stantum Technologies, the company which we know for its multi-touch technologies, has recently announced that it has secured $13 million in Series B funding from CDC Innovation, Auriga Partners and XAnge Private Equity, which is the company’s historical investor. As part of the deal, CDC Innovation’s Valery Huot and Auriga Partners’ Philippe Granger have joined Stantum’s board of directors, alongside Nicolas Rose, partner at XAnge Private Equity.

For those that are wondering what will Stantum do with the new money, the company’s CEO said the funds will be used to develop a worldwide sales and marketing organization in the U.S., Europe and Asia; increase R&D capacity for next-generation sensing technologies and new products; and establish and increase mass manufacturing capabilities through partners.

At the Mobile World Congress in Barcelona we saw Stantum’s technology in action and from what I can tell, there’s a promising future for both the company and its investors…