Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

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

Imec Reports Four Percent Growth for 2013 Fiscal Year End —Continues to Accelerate Innovation Through Global Collaborations and Technological Breakthroughs in Nanoelectronics— April 24th, 2014

Multicapacity Microreactor for Catalyst Characterisation April 24th, 2014

Making graphene work for real-world devices: Fundamental research in phonon scattering helps researchers design graphene materials for applications April 24th, 2014

Return on investment for kit and promotion materials April 24th, 2014

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

Harris & Harris Group Notes the Receipt of Proceeds From the Sale of Molecular Imprints' Semiconductor Business to Canon April 22nd, 2014

Harris & Harris Group Continues Its Blog Series to Highlight Most Impactful Portfolio Companies With Champions Oncology, Inc. April 17th, 2014

Display technology/LEDs/SS Lighting/OLEDs

Progress made in developing nanoscale electronics: New research directs charges through single molecules April 21st, 2014

Transparent Conductive Films and Sensors Are Hot Segments in Printed Electronics: Start-ups in these fields show above-average momentum, while companies working on emissive displays such as OLED are fading, Lux Research says April 17th, 2014

PAM-XIAMEN Offers UV LED wafer April 15th, 2014

Announcements

Imec Reports Four Percent Growth for 2013 Fiscal Year End —Continues to Accelerate Innovation Through Global Collaborations and Technological Breakthroughs in Nanoelectronics— April 24th, 2014

Multicapacity Microreactor for Catalyst Characterisation April 24th, 2014

Making graphene work for real-world devices: Fundamental research in phonon scattering helps researchers design graphene materials for applications April 24th, 2014

Return on investment for kit and promotion materials April 24th, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE