The OLED technology and materials producer has reached the first close of a Samsung and LG Display-backed round that boosted its overall funding to $80m.
Germany-based organic light-emitting diode (OLED) technology developer Cynora has secured $25m in series C funding from investors including consumer electronics producer Samsung and OLED display maker LG Display.
SBI Cross-Border Advantage Fund, an investment fund owned by financial services provider SBI, also participated in the first close, as did Wecken & Cie, RF Partners Group, Dboled and MIG Funds. Samsung contributed to the round through its corporate venturing unit, Samsung Venture Investment.
Founded in 2008, Cynora develops thermally activated delayed…
