Novaled said it was founded in 2001 as a spin-off from the Technical University and Fraunhofer Institute in Dresden, Germany, both of which are leading German research institutions in the field of materials science and technology, and they remain shareholders.
Novaled, a Germany-based organic light-emitting diode (OLED) maker, plans to raise $200m in its US flotation.
In September, Samsung Venture Investment Company, the corporate venturing unit of the eponymous South Korea-based conglomerate, was revealed by Global Corporate Venturing to be the sole investor in the €8.25m ($11m) round for Novaled, a Germany-based organic light-emitting diode (OLED) maker. In its regulatory filing, Novaled said Samsung owned 9.84% after this September round.
Samsung Ventures had joined the portfolio company’s…
