ElFys: Funding, Investors & Team (Sep 2026)
ElFys, Inc. was founded in the fall 2017 to commercialize the innovation of photodetector technologies invented by a group of university researchers. The technologies are protected by their patent families. The company utilizes the state-of-the-art processing facilities at Micronova Nanofabrication Center in Espoo, Finland: 2600 square meters of CMOS compatible facilities suitable for both R&D and semi-mass production. Partners of the company also have vast expertise on silicon photovoltaics and related research. The structure and operation principles of solar cells and photodiodes are very similar and thus innovations from solar cells can often be applied to photodiodes and vice versa. Topics like surface passivation and defect engineering are integral parts of the manufacturing process and essential for achieving the superior response of their photodiodes.
ElFys has raised $6.5M across 2 funding rounds on record, the most recent an undisclosed round of $3.0M announced in Sep 2022.
That round is below the $7.5M median round size for Consumer Electronics companies tracked on FundedIQ over the last two years.
ElFys Company Profile and Key Stats
Latest funding round on record: Sep 2022.
ElFys Funding Rounds
ElFys raised $3.5M in a Seed announced in Sep 2021.
1 years later, an undisclosed round of $3.0M was announced in Sep 2022.
ElFys Founders and Leadership Team
Contact details for the ElFys team: 1 of 1 has an email address on file.
Start 14-day free trial →ElFys Funding Compared to Other Consumer Electronics Startups
ElFys' latest round of $3.0M is below the median round in Consumer Electronics. Medians cover the last 24 months of disclosed rounds.
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ElFys Funding FAQs
What does ElFys do?
ElFys, Inc. was founded in the fall 2017 to commercialize the innovation of photodetector technologies invented by a group of university researchers. The technologies are protected by their patent families. The company utilizes the state-of-the-art processing facilities at Micronova Nanofabrication Center in Espoo, Finland: 2600 square meters of CMOS compatible facilities suitable for both R&D and semi-mass production. Partners of the company also have vast expertise on silicon photovoltaics and related research. The structure and operation principles of solar cells and photodiodes are very similar and thus innovations from solar cells can often be applied to photodiodes and vice versa. Topics like surface passivation and defect engineering are integral parts of the manufacturing process and essential for achieving the superior response of their photodiodes.
How much funding has ElFys raised?
ElFys has raised $6.5M across 2 rounds on record. The most recent is an undisclosed round of $3.0M announced in Sep 2022.
When did ElFys last raise funding?
ElFys' most recent funding round on record is an undisclosed round of $3.0M, announced in Sep 2022.
Who is the CEO of ElFys?
Mikko Juntunen is listed as CEO at ElFys.
Where is ElFys headquartered?
ElFys is based in Espoo, Southern Finland, Finland.
How many employees does ElFys have?
ElFys is in the 11-50 employee band.
How does ElFys' funding compare to other Consumer Electronics startups?
ElFys' latest round of $3.0M is below the $7.5M median round size for Consumer Electronics companies on FundedIQ across 1,547 tracked companies over the last two years.
About FundedIQ's ElFys Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for ElFys is left off this page rather than filled in.
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