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Perspectives on building technology businesses and AcceleratorIndia from Cartezia

Plastic Logic raises €77m

Wednesday, January 24, 2007

Plastic Logic, the Cambridge, UK-based company, has raised €77m to finance the growth of its business, including the development of a new manufacturing facility in Germany.  The company is aiming to become the global leader in plastic electronics manufacturing, a revolutionary new technology for printing electronic devices. It claims to be the first to apply the new technoolgy to create flexible active-matrix displays.

Plastic Logic was originally spun out of Cambridge University’s Cavendish Laboratory in 2000. The fundamental innovations created in the Cavendish and commercialised by Plastic Logic will enable new product concepts in a range of applications including flexible displays and sensors. The company's technology has the potential to transform the economics of key segments of the electronics industry by printing electronics on thin and flexible plastic substrates using a process scaleable for large area, high volume and low cost. IDTechEx forecasts plastic electronics will be a $30 billion industry by 2015, and could reach as much as $250 billion by 2025, although many issues around potential environmental impact remain unclear.

The Plastic Logic approach solves the critical issues in manufacturing high resolution transistor arrays on flexible plastic substrates by using a low temperature process without mask alignment. The process, which is much simpler than conventional amorphous silicon processes, uses a mix of standard production equipment from display manufacturing and other industries.

The investment was led by Oak Investment Partners and Tudor Ventures, supported by existing investors including Amadeus Capital Partners, BASF Venture Capital, and Intel Capital.