Samsung backs Novaled

The investment will support Novaled in expanding its business and consumer reach, and strengthen its market position.

Further details of the transaction have not yet been disclosed.

Novaled is a portfolio company of the German venture firm eCAPITAL, which first invested €8.5m in the company in 2009. Other investors include Credit Agricole Private Equity, TechnoStart, TechFUnd and CDC Innovation.

Company
Novaled is a Dresden-based technology company, specialising in high efficiency OLED (Organic Light Emitting Diode) products. The company has a portfolio of more than 400 patents granted or pending. It is shortlisted for the ‘Deutsche Zukunftspreis', a prize for achievements in innovation and technology awarded by the German President.

People
Michael Pachos led the investment on behalf of Samsung. Gildas Sorin is CEO of Novaled.

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