Microelectronics startup iskn raises $2M from Partech Ventures, CEA Investment and Kima Ventures
One year after raising 10 times its initial funding goal on Kickstarter ($350,000), iskn delivers its first products and unites renowned investors to accelerate its growth
Iskn, a French startup issued from a close collaboration between CEA–‐Leti and Grenoble Ecole de Management, first created a buzz on the Kickstarter crowdfunding platform with the iSketchnote project (September 2013), an iPad cover containing a smart slate that allows users to digitize and enhance notes, drawings and sketches while using real paper and pens. The company, which grew from 3 to 15 employees in the past year, delivered rewards to its backers in December 2014 and aspires to revolutionize the relationship between the digital world and physical objects.
Romain Lavault, General Partner at Partech Ventures, says, “Beyond 2D, which was the first step, this revolutionary, magnet-based technology enables new, precise, easy 3D human‐machine interfaces. For the first time, it is possible to interact with the virtual world in 6D with millimetric precision through contact with a surface or at a distance.”
“We are at the dawn of a paradigm shift” states CEO Jean–‐Luc Vallejo, “that of the opening of the digital world to our physical world. Iskn possesses all the assets needed to become a major player in this digital revolution.”
The $2M fundraising round, which was closed this past October 21, gathers a group of investors of international scale, with the presence of:
– CEA Investissement, iskn’s original investor, which reinvested through its ATI fund
– Kima Ventures, the fund launched by Xavier Niel and Jeremie Berrebi in March 2010
– Pascal Cagni, GM & VP Apple Europe (EMEIA 2000–‐2012), today a venture capitalist
– Partech Ventures
The round was conducted by Partech Ventures, an investment fund reputed for its excellent performance, based in France, Germany and the United States (Silicon Valley).
Pascal Cagni adds, “Numerous objects of our daily life have evolved very little since their initial design, which was sometimes hundreds of years ago. Iskn’s technology makes it possible today to combine the comfort of these physical objects with the power of digital. The tablet is only the beginning of this new story.”
Alongside these prestigious investors, iskn gives itself the financial and strategic means (network, internationalization) to realize its ambitions.
“This is an important first step for iskn,” notes Jean–‐Luc Vallejo. “It includes not only the wide deployment of our current solution for digital enhancement of paper notes and sketches, but making publicly available the powerful features that will be unveiled over the next months.”
Source: CEA Investment Press Release