37.5 C
Budapest
May 24, 2022
2020 – 2022 © MO.CO.HU Magyarország Hírek, Hungary News
Image default
cambridge Featured funding Helio HÍREK oxford spinout VC Funding VILÁG ANGOL

‘First’ Oxbridge spinout Helio raises $4.75m for advanced screen displays

Helio Display Materials, a digital display company born out of the “first” joint venture between Oxford and Cambridge universities, has raised $4.75m (£3.55m) in Series A finance in a funding round led by Longwall Venture Partners and BGF.

Helio will use the fresh funding to drive a significant expansion of the company team and will also fund a move to custom-built labs at the Wood Centre for Innovation in Oxford.

As part of the expansion, Helio will also be announcing two high-profile appointments to its management team.

Oxford-based Helio creates proprietary materials for digital screen displays, with custom technology to solve problems associated with standard LCD and OLED screens.

The company claims that its uniquely manufactured materials can display richer and less filtered down colours, producing a greater overall visual experience, whilst using significantly less power.

“Helio is on a mission to use our world-leading perovskite science to step up the performance and efficiency of displays,” said company CEO, Simon Jones.

“This fundraising marks a change of gear for Helio, enabling us to significantly grow our capacity to design products and engage with partners in the display supply chain. I would like to thank and acknowledge our enormously supportive investors who share our vision of a bright future for perovskites in displays.”

Helio plans to partner with companies in the display supply chain to tap into the display module market, which the company estimates to be worth $120bn (£89.9bn).

The post ‘First’ Oxbridge spinout Helio raises $4.75m for advanced screen displays appeared first on UKTN | UK Tech News.

Related posts

This UK health tech offers companies manage chronic illness at work, grabs £370K

MO.CO.HU

London fintech Agitate grabs £2.51M, to launch secure payment platform BOPP

MO.CO.HU

Index Ventures launches $200M dedicated seed fund to back ambitious founders globally

MO.CO.HU

DMCA.com Protection Status