beeOLED Raises EUR13.3M in Series A Funding


beeOLED, a Dresden, Germany-based deep-tech startup, raised EUR 13.3m in Series A funding.

The round was co-led by eCAPITAL and Innovation Industries with participation from KBC Focus Fund, as well as existing investors M Ventures (the corporate venture capital arm of Merck KGaA, Darmstadt, Germany), HTGF, TGFS, and JBN-Invest.

The company intends to use the funds to further develop its deep-blue emitter technology towards go-to-market-readiness.

Co-founded in 2020 by Carsten Rothe, Volodymyr Senkovskyy, and Jan Blochwitz-Nimoth, beeOLED develops an efficient & stable deep-blue emitter to improve displays in phones, tablets, laptops, TVs and other displays. Its technology, based on making elementary emission from atoms, fit for use in today’s vacuum processed OLED displays. Its intra-metallic emission technology integrates into existing OLED structures and established OLED display manufacturing technology. It allows for 100 percent internal quantum efficiency, a prerequisite for the highest power efficiency in OLED displays.