Deals

Amadeus portfolio firm in $100m fundraising

The UK venture firm has joined in a fresh round of funding of Plastic Logic, a flexible display developer it seeded, to build a factory.

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Plastic Logic, whose seed financing was led by Amadeus Capital Partners, has raised $100 million to build the first factory to manufacture plastic electronics on a commercial scale.

Oak Investment Partners and Tudor Investment Corporation led the new funding round.  Existing investors Amadeus Capital Partners, Intel Capital, Bank of America, BASF Venture Capital, Quest for Growth and Merifin Capital also participated.  The financing is one of the largest in the history of European venture capital.

The facility will produce flexible displays for ‘take anywhere, read anywhere’ electronic reader products, enabling a reading experience closer to paper than any other technology.

Hermann Hauser, a director of Amadeus, said: “The first full commercialisation of plastic electronics is now firmly in our sights.  With this investment we are creating a new electronics industry that will become a significant addition to silicon.”