2016-04-07

Kyushu University TADF OLED Spin-off Kyulux Acquires US $13.5M Finance

Kyulux, an advanced materials startup that is commercializing the next generation of OLED display and lighting technology known as TADF (Thermally Activated Delayed Fluorescence), announced today that Samsung Venture Investment Corporation took the lead in a $13.5 million (¥1.5 Billion Japanese Yen) Series A round of venture funding.  Participating in the round were global OLED panel manufacturers including Samsung Display, LG Display, Japan Display and JOLED, top tier Japanese venture capital funds, and a Japanese Government affiliated venture fund. Kyushu University also announced the transfer of a large portfolio of TADF related patents and equity participation by the university in the financing. 
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