Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > News > Venture firms plan follow-on capital raising before IPO at Plastic Logic

August 4th, 2008

Venture firms plan follow-on capital raising before IPO at Plastic Logic

Abstract:
Venture capital investors Amadeus Capital Partners and Oak Investment Partners are planning to invest just one more round of capital into UK-based semiconductor company Plastic Logic ahead of a flotation after the latest $50m (32m) round. The company's investors in the latest round also included US hedge fund Tudor Investment Corporation, two technology captive arms Siemens Venture Capital and Intel Capital, two chemicals companies Dow Chemical and BASF as well as US bank Bank of America.

It is the firms' penultimate funding round into the company before a likely initial public offering helping to fund plant development costs at the company after a $100m funding round in January 2007. The company has yet to deliver its first revenues. Hermann Hauser, a director at Amadeus, which was a seed-round investor in the company, and a Plastic Logic director, said flotation was the likely exit route at the company, although the firms would consider other exit options dependent on price. The company's plastic semiconductor technology will firstly be used to manufacture e-books to compete with US internet company Amazon and Japanese technology company Sony rival products which use glass. The technology is based on research into plastics at Cambridge University's nanotechnology centre Cavendish Laboratory developed by the company's chief scientist Henning Serringhaus and his fellow Cambridge professor Sir Richard Friend. He said the two scientists may receive the Nobel Prize at some point in time for their work on the device. Amadeus was the first venture firm to back the company eight years ago.

Source:
penews.com

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Controlling phase changes in solids: Controlling phase changes in solids July 29th, 2015

Liquipel Debuts Eyesight-Saving ION-Glass Blue Light Protection for iPhones and Androids at RadioShack Stores Nationwide: Liquipel's Unique Protective Screen, Available at RadioShack, Cuts Harmful Blue Light Implicated in Macular Degeneration by 10x July 28th, 2015

Nanophase to present paper on slurry pH impact at Optics + Photonics conference July 28th, 2015

Display technology/LEDs/SS Lighting/OLEDs

Controlling phase changes in solids: Controlling phase changes in solids July 29th, 2015

Liquipel Debuts Eyesight-Saving ION-Glass Blue Light Protection for iPhones and Androids at RadioShack Stores Nationwide: Liquipel's Unique Protective Screen, Available at RadioShack, Cuts Harmful Blue Light Implicated in Macular Degeneration by 10x July 28th, 2015

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Harris & Harris Group Portfolio Company, Bridgelux, Enters into Agreement to be Acquired by an Investment Group July 22nd, 2015

Harris & Harris Group Portfolio Company, OpGen, Gains $6 Million Investment From Merck GHI in Addition to New Acquisition July 16th, 2015

Tel Aviv/Tsinghua University project uses crowd computing to improve water filtration: The research, a product of the new TAU-Tsinghua XIN Center, was conducted by 150,000 volunteers at IBM's World Community Grid July 6th, 2015

Harris & Harris Group Portfolio Company, AgBiome, Announces Partnership to Accelerate the Discovery of Next Generation Insect-Resistant Crops July 1st, 2015

Announcements

Controlling phase changes in solids: Controlling phase changes in solids July 29th, 2015

Perfect Optical Properties in Production of Aluminum Oxide Colloid Nanoparticles July 28th, 2015

Short wavelength plasmons observed in nanotubes: Berkeley Lab researchers create Ludinger liquid plasmons in metallic SWNTs July 28th, 2015

'Seeing' molecular interactions could give boost to organic electronics July 28th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project