Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

Ultrathin device harvests electricity from human motion July 23rd, 2017

The July 23 close fly-by of asteroid 2017 BS5 is explored in a Q&A with Dr. John S. Lewis, chief scientist at Deep Space Industries July 23rd, 2017

Scientists announce the quest for high-index materials: All-dielectric nanophotonics: The quest for better materials and fabrication techniques July 22nd, 2017

Pulses of electrons manipulate nanomagnets and store information: Scientists use electron pulses to create and manipulate nanoscale magnetic excitations that can store data July 21st, 2017

Display technology/LEDs/SS Lighting/OLEDs

Nanoparticles could spur better LEDs, invisibility cloaks July 19th, 2017

Cambridge Nanotherm partners with Inabata for global sales and distribution June 20th, 2017

Leti Will Demo World’s-first WVGA 10-µm Pitch GaN Microdisplays for Augmented Reality Video at Display Week in Los Angles: Invited Paper also Will Present Leti’s Success with New Augmented Reality Technology That Reduces Pixel Pitch to Less than 5 Microns May 22nd, 2017

CCNY physicists demonstrate photonic hypercrystals for control of light-matter interaction May 5th, 2017

New ultrafast flexible and transparent memory devices could herald new era of electronics April 1st, 2017

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

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Caught on camera -- chemical reactions 'filmed' at the single-molecule level March 22nd, 2017

Announcements

Ultrathin device harvests electricity from human motion July 23rd, 2017

The July 23 close fly-by of asteroid 2017 BS5 is explored in a Q&A with Dr. John S. Lewis, chief scientist at Deep Space Industries July 23rd, 2017

Scientists announce the quest for high-index materials: All-dielectric nanophotonics: The quest for better materials and fabrication techniques July 22nd, 2017

Pulses of electrons manipulate nanomagnets and store information: Scientists use electron pulses to create and manipulate nanoscale magnetic excitations that can store data July 21st, 2017

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