|
|
|
 |
Plastic Logic raising $100 million to build electronic paper products 12.01.2007
Jan. 4, 2007 - Plastic Logic of Cambridge, England, announced that it will build one of the first factories to manufacture plastic electronics on a commercial scale. The facility will produce flexible active-matrix display modules for take anywhere, read anywhere electronic reader products. It will utilize Plastic Logic's unique process to fabricate active-matrix displays that are thin, light and robust - potentially enabling a reading experience closer to paper than any other technology. To fund the program, Plastic Logic has completed a first closing of $100 million of equity finance led by Oak Investment Partners and Tudor Investment Corporation. Existing investors Amadeus, which led the seed financing of Plastic Logic, 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. Full story: http://www.smalltimes.com |