Novaled GmbH Secured EUR 15 Million.
12/01/2005
Novaled GmbH Raised EUR 15 Million in Its 2nd Round of Financing to Commercialize Its Proprietary PIN OLED Technology and Material and to Extend Its World Leading Position in Developing Highly Power Efficient and Long Lifetime OLEDS.
Novaled GmbH has closed the round with an international investment syndicate lead by the venture branch of Credit Agricole Private Equity, Paris, completed by venture funds of Caisse des Depots et Consignations (CDC Entreprises Innovation), Paris, KfW Bankengruppe, Bonn, eCapital New Technologies Fonds AG, Muenster, and a German private investor. "We believe that OLED will become in the near term a widespread technology. We have been strongly impressed by the management team, by the disruptive IP and the technology from Novaled. We are pleased to support Novaled in becoming a world leader in the OLED industry." says Guillaume Dupont, Associate at Credit Agricole Private Equity.
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