Germany-based beeOLED announced that it has raised $14.4 million in its Series A funding round, co-led eCAPITAL and Innovation Industries. Other investors include KBC Focus Fund and the company's existing investors M Ventures (the corporate venture capital arm of Merck), HTGF, TGFS, and JBN-Invest.
beeOLED was established in 2020 with an aim to develop deep-blue OLED emitters. The company's material technology is based on intra-metallic emission, that has been used in other display technologies in the past but have not been usable in OLED displays yet. beeOLED said that it is the first to make intra-metallic molecules compatible with the vacuum processing technology used in high-volume OLED display manufacturing.
beeOLED's CEO, Dr. Jan Blochwitz-Nimoth has 20+ years experience in managing deep tech teams and companies, and is the founder and CTO of Novaled. Dr. Jan was kind enough to answer a few question we had regarding beeOLED, its technology and business.