Lund spinout Glō has agreed to an acquisition by Nanosys, which will now look to strengthen its market share in TV sets and enter more markets such as AR.
Glō, a Sweden-based LED lighting product developer spun out of Lund University, has agreed to an acquisition by quantum dot light-emitting materials producer Nanosys.
Financial terms of the acquisition have not been disclosed. Nanosys will integrate Glō’s technology into its own with a view of growing its market share in TV sets, as well as entering new sectors such as augmented reality and automotive.
Founded in 2003, Glō has developed microLEDs that are 10 times brighter and more energy-efficient than OLEDs.
Google, the internet subsidiary of conglomerate Alphabet, invested $15m in the company in August 2017.
Various deals databases said Wellington Partners, Teknoinvest, Quadia and Nano Future Invest put $23.5m into a series E round in December 2016, but this could not be confirmed.
An unnamed investor led a $30m series D round in 2014, with participation from Wellington Partners, Energy Future Invest, Teknoinvest, Nano…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
