|
||
|
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
Intematix Raises $16.5 Million in Third Round Venture Capital Funding
November 27th, 2006 No comments
Material discovery expert, Intematix Corp, best known for its solid state lighting and display phosphors, recently announced that it has raised $16.5 Million in a series C venture capital financing round led by Crosslink Capital and Samsung Ventures. Additional series participants include new investor Sumitomo Corporation subsidiary Presidio STX, and existing investors Draper Fisher Jurvetson, East Gate Capital and Pacifica Fund.
The company announced that the funding will be used for product line and market expansion, as well as intensified materials research and development at the company’s headquarters in California’s Silicon Valley.
“We’ve experienced a 300% increase in our phosphor revenues alone from last year to this, quickly establishing Intematix as the leading supplier of merchant phosphor solutions to the solid state lighting industry. That kind of profitable growth is providing the company with remarkable leverage across all of its material discovery fronts,” commented Intematix CEO Magnus Ryde.
Intematix’ lead investors Dave Epstein, general partner of Crosslink Capital and Jay Eum, managing director of Samsung Ventures America, have made it clear by this investment that they recognize the world-changing impact that is being predicted for the LED and solid state lighting industries.
“We analyzed the LED and SSL industries long and hard to identify the key growth opportunities, and concluded that the unique material technologies inside the devices are very attractive areas for investment,” explained Mr. Epstein of Crosslink. “In Intematix, we see a company that is positioned for the kind of materials discovery that enables the geometric technology progress predicted by Moore’s and Haitz’s Laws.”
According to Samsung Ventures America’s Mr. Eum, “SVIC consistently focuses on companies that we expect will not only reward our investors with financial returns, but that will also provide them with technological returns that compliment their individual business models. We’re very excited about the opportunities for Intematix in the SSL and display markets where we foresee major growth for years to come.” Mr. Eum added, “The fact that Intematix is additionally positioned for wider-reaching material breakthroughs just strengthens the business case.”
Intematix CEO Ryde concluded, “It is an honor to partner with visionaries of the type represented by Dave Epstein and Jay Eum, and their organizations. When the available resources, technology portfolio and market potential converge, as they have here with Intematix, we can all look forward to the rapid revenue growth that results.”
For more information, please visit: www.intematix.com
Leave a reply
Latest Headlines:
Friday August 31, 2012
Zscaler Secures $38 Million Investment Round
Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.
Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects
Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding
Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies
Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains
Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster
Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility