Japan's Kyulux raises $13.5 mln; Series A round led by Samsung Venture
Kyulux Inc, the Fukuoka, Japan, advanced-materials startup focused on OLED display and lighting technology known as thermally activated delayed fluorescence, raised $13.5 million (1.5 billion yen) of Series A financing. Samsung Venture Investment Corp led the round, with participation from OLED panel manufacturers including Samsung Display, LG Display, Japan Display and Joled. Also participating in the funding were Japanese VC funds and a Japan-government-affiliated venture fund. Kyulux also said that it acquired a patent portfolio from Kyushu University and that the school took equity participation in the financing.
6 April 2016•3 mins read
