FLEx Lighting, a Chicago, IL-based provider of front lighting for low power displays, closed a $9m Series B financing.
The round was led by Energy Foundry with participation from SABIC Ventures, Bascom Ventures, and others.
The company intends to use the funds to expand its product lineup with new tablet-sized displays, as well as widen distribution channels and global representation.
Founded in 2004 and led by Mike Casper, CEO, FLEx developed a front light system for device displays that’s power-efficient and sunlight-readable. These front lighting products provide solutions for the category of Reflective LCDs for mobile devices.
The financing enables the company to grow their product portfolio into 7″+ displays for tablets, consumer applications, and other larger personal information displays. Having a supplier, SABIC, as an investor in this round expands FLEx’ supply chain and materials expertise for display products as well as for future applications in automotive and general lighting.