Samsung invests into Novaled
Samsung Ventures Investment Corporation, Seoul, Korea (SVIC), and Novaled AG, Dresden, Germany, an eCAPITAL portfolio company, announced that SVIC has become a shareholder of Novaled.
Novaled is a key player in OLED technology and organic materials surrounding the emitting materials. The Novaled PIN OLED® technology aims at reducing the energy consumption while offering longer lifetimes.
"Our investment in Novaled is consistent with our strategy to work closely with established market leaders." says Michael Pachos, Senior Investment Manager at SVIC. "Novaled is a technology leader and has built a significant business in the OLED space. The company has demonstrated both a technical and business vision in driving adoption of OLED displays and lighting and we look forward to contributing to the progress of Novaled."
"SVIC's investment confirms the importance of our technology and our specific materials for the OLED industry. Samsung's shareholding will reinforce our leading position and help serve all our customers better." says Gildas Sorin, Novaled Chief Executive Officer.
"eCAPITAL as Novaled's main shareholder welcomes Samsung. Samsung has a great reputation on the OLED sector, is a premium player in the market and important partner for Novaled. The engagement of Samsung into Novaled demonstrates the great potential of Novaled and shows the capacity of a successful German high-tech company." states Dr. Paul-Josef Patt, Managing Partner of eCAPITAL .
Samsung Venture Investment Corporation is the Venture Capital arm of the Samsung Group with offices in Seoul, Silicon Valley, London and Tokyo.
Novaled AG is a world leader in the OLED (Organic Light Emitting Diode) field and specializes in high efficiency long lifetime OLED structures and is an expert in organic electronics. The company is known for its Novaled PIN OLED® technology, its proprietary OLED materials and customized OLED products and services. Novaled has developed long term partnerships with major OLED producers in display and lighting throughout the world. Based on more than 400 patents granted or pending, Novaled has a strong IP position in the field of OLED technology, and was named No. 1 in a list of ‘up and coming’ world market leaders by the German newspapers Handelsblatt and Wirtschaftswoche. The company’s founder team is nominated for the very prestigious price ‘Deutsche Zukunftspreis’ by the German Federal President Christian Wulff. Novaleds main investors include eCAPITAL, Crédit Agricole Private Equity, TechnoStart, TechFund and CDC Innovation.
For more information please visit www.novaled.com
OLEDs (organic light-emitting diode) are semiconductors made of thin organic material layers of only a few nanometers thickness. They emit light in a diffuse way to form an area light source. In a fast growing display market OLEDs are key part of a revolution: the dream of paper-thin, highly efficient displays with brilliant colors and great flexibility in design. OLEDs represent the future of a vast array of completely new lighting applications. By combining color with shape, organic LEDs will create a new way of decorating and personalizing personal surroundings with light.
eCAPITAL entrepreneurial Partners AG
The eCAPITAL entrepreneurial Partners AG is a venture capital company managed by entrepreneurs and located in Muenster, Germany. Since 1999, the company supports business people in promising industries. Investment focus is on innovative, high-growth companies in cleantech, new materials, optical technologies sectors, information technology/communications, and innovative services.
eCAPITAL currently manages five funds totalling 120 million Euros. The funds invest in technology companies, as well as in small- and medium-sized companies throughout Germany.
For more information please visit www.ecapital.de