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04-13-2012

Polyera: Successful Series C Financing

Polyera Corporation, Chicago, Illinois, announced that it has secured USD 24.5 million in Series C funding. The round was co-led by Chengwei Capital and Tsing Capital, and was joined by all existing investors including Solvay, an international group active in chemistry. The company plans to use the funds to accelerate development activities while making a major investment in its Asia-Pacific operations in preparation for market launch.

Polyera’s core technology enables the fabrication of semiconductor-based products on flexible substrates such as plastic. As a result, products such as flat panel displays or solar panels which were traditionally manufactured with glass can be made much lighter, thinner and more robust. Because Polyera’s semiconductor materials are flexible themselves, they enable the production of displays that can fold or roll-up, allowing for radically new product designs.

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