SmartKem, a UK-based developer of semiconductor materials for displays and electronics, completed a Series A funding of undisclosed amount.
Backers included BASF Venture Capital, Octopus Investments, Entrepreneurs Fund and Finance Wales.
The company intends to use the funds to further develop the scientific foundation of the SmartKem tru-FLEXTM organic semiconductor material range, to accelerate this technology towards full commercialisation and scale-up and support partner programs.
Led by Steve Kelly, CEO, SmartKem has been developing flexible semiconductor technology to allow display and electronics manufacturers to obtain industry grade thin-film-transistor (TFT) performance with physical flexibility, enabling bendable and foldable mobile devices such as smartphones and tablets as well as wearable display based applications.
FinSMEs
15/08/2014