# Novaled

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novaled

- Industry: Electronics
- Headquarters: Dresden, Germany
- Website: www.novaled.com
- Total disclosed funding: $36M
- Latest round: Series C (Jan 14, 2009)
- Investors on record: 11

## About

Novaled AG specializes in the development of high-quality organic materials and technologies to enhance organic light-emitting diodes (OLEDs) used in displays and lighting solutions, focusing on energy efficiency and superior performance.Founded in Dresden, Germany, Novaled AG is a company focused on organic materials for OLEDs and organic solar cells. In August 2013, the company underwent a significant change when Cheil Industries acquired a 50% stake, which included a 40% acquisition by Samsung Electronics and a 10% retention by Samsung Venture Investment Corporation. The company has secured a total funding amount of EUR 260 mn across its deals, with the latest round being a Trade Sale. The company's CEO is Gerd Gunther. 

Novaled is a prominent provider of proprietary organic materials and innovative technologies designed to enhance the performance of organic light-emitting diodes (OLEDs) used in displays and lighting, as well as organic solar cells (OSCs). Their core product offerings include high-performance OLED materials that enable superior color quality, energy efficiency, and longevity in electronic displays and lighting applications. These materials are utilized in various consumer electronics, automotive displays, and architectural lighting solutions, addressing the industry's demand for energy-efficient and visually dynamic products. Novaled serves a diverse client base that includes leading manufacturers of displays and lighting solutions across North America, Europe, and Asia, where there is a significant market for advanced OLED technology.Revenue generation for Novaled is primarily driven through direct business-to-business (B2B) transactions with manufacturers in the electronics and lighting industries. The company engages in long-term partnerships and collaborations, supplying its proprietary OLED materials as part of extensive agreements that typically cover product development and ongoing supply. These transactions often involve structured contracts where clients place bulk orders for specialized OLED materials, ensuring a steady supply for their production needs. In 2023, Novaled reported a revenue of EUR 87.15 mn and an EBITDA of EUR 44.67 mn, with its flagship products contributing significantly to its revenue streams, reflecting the value of its advanced technologies.Following the acquisition by Cheil Industries in August 2013, Novaled AG aims to strategically utilize its recent funding to enhance its product offerings and expand into new markets. The company is currently designing new proprietary OLED materials, with plans to introduce these innovations in the coming years. Furthermore, Novaled is looking to penetrate additional markets in Asia and North America by 2025, leveraging its established client relationships and the increased demand for energy-efficient technologies in these regions.

## Funding rounds

- Series C, Jan 14, 2009, $11M — Technostart, TechFund Capital Europe Management, KfW Banking Group, Omnes Capital, eCAPITAL, Innovation Capital, TUDAG
- Series B, Dec 1, 2005, $18M — 123 Investment Managers, CDC Enterprises, Technostart, TechFund Capital Europe Management, KfW Banking Group, Omnes Capital, eCAPITAL, SIB Innovations
- Series A, May 28, 2003, $6.6M — Technostart, TechFund Capital Europe Management, Thomson S.A.

## Investors

- Technostart (https://capitalatlas.ai/funds/technostart) — Series A, Series B, Series C
- TechFund Capital Europe Management (https://capitalatlas.ai/funds/techfund-capital-europe-management) — Series A, Series B, Series C
- Thomson S.A. — Series A
- 123 Investment Managers (https://capitalatlas.ai/funds/123-investment-managers) — Series B
- CDC Enterprises (https://capitalatlas.ai/funds/cdc-enterprises) — Series B
- KfW Banking Group — Series B, Series C
- Omnes Capital (https://capitalatlas.ai/funds/omnes-capital) — Series B, Series C
- eCAPITAL (https://capitalatlas.ai/funds/ecapital) — Series B, Series C
- SIB Innovations (https://capitalatlas.ai/funds/sib-innovations) — Series B
- Innovation Capital — Series C
- TUDAG — Series C