Octopus et al. take part in €3m SmartKem series-A

The capital will enable SmartKem to invest in product development of its Tru-flex technology and pursue partnership programmes with a view to a commercial launch.

Existing backer Finance Wales also took part in the round, which totalled €3m, according to reports.

The company stated the market for printed and flexible electronics was predicted to grow to around $77bn by 2023.

Previous funding
Finance Wales previously provided £3m of early-stage funding for SmartKem.

Company
Headquartered in St Asaph, north Wales, SmartKem is a provider of low-temperature semiconductor materials for use in flexible TFT display screens. The company, which was founded in 2009, provides materials for display manufacturers in Asia.

People
Steve Kelly is CEO of SmartKem. Dirk Nachtigal is managing director of BASF. Alex Miller is COO of Octopus.

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• Topics
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• UK / Ireland
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