The company will use the funding for commercialization of the proprietary ECPR (ElectroChemical Pattern Replication) technology.

As part of the investment the Board has appointed industry veteran James Quinn as CEO and Board member joining the Replisaurus founders Patrik Möller, Chief Technology Officer (CTO) and Mikael Fredenberg, Chief Operating Officer (COO). With this significant first round funding, Replisaurus will add to its Board of Directors, Bart Markus from Wellington Partners and Björn Stray from Northzone Ventures. Mr. Quinn will work closely with the Board and Venture Capital investors to develop and grow the company and strengthen Replisaurus Technologies position as an emerging key player in the advanced packaging market.

"The market opportunity in the advanced packaging space is exceptional" stated Bart Markus from Wellington Partners. "The superior characteristics of Replisaurus' technology along with the excellent team told us that Replisaurus will be a leader in this field."

"As this is the first advanced packaging company that Northzone invested in and the first investment from Fund V, we were cautious," stated Bjorn Stray from Northzone Ventures. "We came to the conclusion that Replisaurus has extraordinary technology and is poised to become a leader in the advanced packaging space."