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:
| Related News Press |
News and information
Quantum computer improves AI predictions April 17th, 2026
Flexible sensor gains sensitivity under pressure April 17th, 2026
A reusable chip for particulate matter sensing April 17th, 2026
Detecting vibrational quantum beating in the predissociation dynamics of SF6 using time-resolved photoelectron spectroscopy April 17th, 2026
Display technology/LEDs/SS Lighting/OLEDs
Spinel-type sulfide semiconductors to operate the next-generation LEDs and solar cells For solar-cell absorbers and green-LED source October 3rd, 2025
Efficient and stable hybrid perovskite-organic light-emitting diodes with external quantum efficiency exceeding 40 per cent July 5th, 2024
VC/Funding/Angel financing/Loans/Leases/Crowdfunding
Graphene Flagship start-up Bedimensional closes a second €10 million investment round February 10th, 2023
180 Degree Capital Corp. Issues Second Open Letter to the Board and Shareholders of Enzo Biochem, Inc. March 26th, 2021
Announcements
A fundamentally new therapeutic approach to cystic fibrosis: Nanobody repairs cellular defect April 17th, 2026
UC Irvine physicists discover method to reverse ‘quantum scrambling’ : The work addresses the problem of information loss in quantum computing system April 17th, 2026
 |
||
 |
||
| The latest news from around the world, FREE | ||
 |
||
|
|
||
| Premium Products | ||
 |
||
|
Only the news you want to read!
Learn More |
||
 |
||
|
Full-service, expert consulting
Learn More |
||
|
|
||