Cambrios Technologies Corporation,
an electronic materials company commercializing ClearOhm™ coating material
for producing transparent conductive films, announced today that the company
has received investments totaling $14.5 million in a first closing of its Series
D Financing Round.
All of the company’s existing institutional preferred shareholders participated
in the round, including ARCH Venture Partners, Alloy Ventures, Oxford Bioscience
Partners, Harris & Harris Group, Altitude Life Science Ventures, Presidio
Ventures, Mitsubishi UFJ Capital, In-Q-Tel, Avalon Ventures, Lux Capital, Kidron
LLC, Headland Ventures, and Alexandria Real Estate Equities.
In addition, three strategic partners made investments in the company. These
include:
- Sumitomo Corporation – one of Japan’s largest trading companies
and Cambrios’ Japan and Taiwan distributor,
- Chisso Corporation, which has a very large market share of liquid crystal
material used to manufacture LCDs; Cambrios develops and commercializes products
for LCD manufacturers exclusively with Chisso, and
- Nissha Printing Co. Ltd. – the world’s largest manufacturer
of touch screens; Cambrios has a development and sales agreement with Nissha
involving rapid commercialization of ClearOhm™ coating material-based
products for the touch screen industry.
“Our investors are strong believers in our progress and in our plan,”
said Michael Knapp, Cambrios President & CEO. “We are very grateful
to them for their continued support. In addition, we have an excellent relationship
with our strategic partners and there is tremendous mutual commitment to achieving
our collaborative business goals. The company is very lucky to have them as
investors.”
Posted November 5th, 2009
