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NL - iRex technologies holds first close of EUR 6m financing round

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Electronic paper solutions provider iRex Technologies has held the first close of a EUR 6m financing round led by Main Capital Partners. Existing shareholders ABN Amro Capital and management have also contributed to the round. The new capital will be used to accelarate the expansion of the company by supporting R&D and the development of a next-generation product.

iRex has focused on dedicated B2B markets such as aviation, education and professional business segments and is now planning to enter the consumer market with products like E-books and news services. Last week French newspaper publisher Les Echos started publishing its newspaper on the iRex iLiad e-reader as a bundled service. This makes Les Echos the first newspaper to be published on e-paper. Several major international newspapers are also preparing to trial iLiad.
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