CMS advised cynora GmbH on the deal.
cynora GmbH, a materials manufacturer in the display industry, has received an additional USD 25 million from investors in Asia, Europe and the US in a first closing of its Series C financing round. New Series C investors include SRF Partners Group LLC, a US fund in which a Korean technology company also holds a stake, DBOLED LLC, a US fund, and Korea-based SBI Cross-Border Advantage Fund. Existing investors (MIG Fonds and Wecken & Cie) also participated in the round. Final closing of the C round with further investment is expected shortly.
cynora GmbH has its headquarters in Bruchsal, Baden-Württemberg. It manufactures high-efficiency emitter systems needed for next-generation organic LED displays (OLED). Thermally Activated Delayed Fluorescence (TADF) technology claims to cut power consumption by up to 50%. The privately held company was established in 2008 and is supported by a consortium of global investors.
The CMS team was headed by lead partner Stefan-Ulrich Müller (Picture) and included Anton Hieber, Associate, Sabine Renz, Associate, Felix Schmitt, Associate, all Corporate/Venture Capital and Stefan Lehr, Partner, Competition & EU.
Law Firms: CMS Hasche Sigle;
Clients: cynora GmbH;