Liquavista Raises €5 Million in Series C Round
Liquavista has announced the closing of its Series C funding round of €5 million euro. Displays using Liquavista's unique electrowetting technology have excellent indoor and outdoor viewability and use dramatically less battery power. The investment was led by existing investors Amadeus Capital Partners, GIMV and Prime Technology Ventures.
The first products to use Liquavista displays will be the next generation of electronic readers. Liquavista's technology enables new types of paper-like display that will provide vastly improved usability, content compatibility and cost compared with first generation electronic paper technologies. The fast growing electronic reader market place is predicted to reach over $25 billion in value by 2020.
Liquavista's first active-matrix technology platform, LiquavistaBright, will be ready for transfer to manufacturing partners in the Summer of 2009. The manufacturing process is compatible with conventional display fabrication methods and is offered as an upgrade to existing manufacturing facilities.
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