Royole raises $800 million to finance its upcoming flexible OLED production line

Flexible OLED developer Royole has raised $800 million in its fourth financing round, from Bank of China, ICBC, Citiy Bank and others. Part of that round ($560 million) was in debt while the rest was in equity.

Flexible AMOLED prototype (Royole, 2017)

Royole's previous financing round was in November 2016 - when it raised $75.5 million at a valuation of $3 billion. It's likely that the current financing round is at an even larger valuation.

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Posted: Sep 27,2017 by Ron Mertens