M Ventures Invests in CLEARink Displays
03.14.18
The C Round, which was oversubscribed, paves the way for the company to focus on bringing its first products to market.
M Ventures, the strategic corporate venture capital fund of Merck KGaA, Darmstadt, Germany, and CLEARink Displays, a leader in next generation ePaper, announced that M Ventures has made an investment in CLEARink’s C Round.
CLEARink started its C Round of investment mid-2017 with a lead investment and co-investments by China-based strategic investors involved in the electronic display industry. Following this, additional investments were received from strategic investors in the US and Taiwan. This latest investment from M Ventures marks the end of the C Round. The C Round, which was oversubscribed, paves the way for the company to focus on bringing its first products to market.
CLEARink has developed ePaper 2.0, the world’s first reflective display that will be color and video/internet capable. The company targets the education and wearable markets, where traditional display technologies aren’t a fit.
CLEARink closed its first round in 2012 and a second round in 2015. This third round of financing was specifically targeted at strategic investors. The proceeds from this round are intended to take the company through the trial-manufacturing phase and to mass production. CLEARink is currently running manufacturing trials in Shenzhen, China.
“Merck KGaA, Darmstadt, Germany had already been investing in our joint development since 2012 with a further development agreement signed in 2017, but the fact that they now took an equity stake in our company through their venture fund is a further endorsement of our success potential,” said Frank Christiaens, CEO and chairman, CLEARink Displays.
CLEARink started its C Round of investment mid-2017 with a lead investment and co-investments by China-based strategic investors involved in the electronic display industry. Following this, additional investments were received from strategic investors in the US and Taiwan. This latest investment from M Ventures marks the end of the C Round. The C Round, which was oversubscribed, paves the way for the company to focus on bringing its first products to market.
CLEARink has developed ePaper 2.0, the world’s first reflective display that will be color and video/internet capable. The company targets the education and wearable markets, where traditional display technologies aren’t a fit.
CLEARink closed its first round in 2012 and a second round in 2015. This third round of financing was specifically targeted at strategic investors. The proceeds from this round are intended to take the company through the trial-manufacturing phase and to mass production. CLEARink is currently running manufacturing trials in Shenzhen, China.
“Merck KGaA, Darmstadt, Germany had already been investing in our joint development since 2012 with a further development agreement signed in 2017, but the fact that they now took an equity stake in our company through their venture fund is a further endorsement of our success potential,” said Frank Christiaens, CEO and chairman, CLEARink Displays.
