Tech Company Financing Transactions

OTI Lumionics Funding Round

OTI Lumionics secured a $55 million investment round on 10/26/2022. Backers included Anzu Partners, private investors and LG Technology Venture.

Transaction Overview

Company Name
Announced On
10/26/2022
Transaction Type
Venture Equity
Amount
$55,000,000
Round
Undisclosed
Proceeds Purpose
The money will be used both to take its technology into production with a number of partners and to develop a secondary line of operations that was borne out of the first: OTI credits the breakthrough that it had with its own work on display materials to a "quantum and AI-driven computational platform" that it built itself, and so the plan will be to productize that as well to help other technologists and engineers solve their own thorny material science conundrums.

Company Information

Company Status
Private & Independent
Industry
Healthcare Services
Mailing Address
3415 American Drive, Unit 1
Mississauga, ON, L4V 1T4
CA
Email Address
Overview
At OTI Lumionics we are developing advanced materials--by design--using quantum simulations, machine learning and real-world testing in pilot production. We are currently focused on key enabling materials for OLED displays that will be used in next-generation consumer electronics and automotive. Our advanced electrode materials, and associated manufacturing technology, are being used to build transparent displays and lighting.
Profile
OTI Lumionics LinkedIn Company Profile
Social Media
OTI Lumionics Company Twitter Account
Company News
OTI Lumionics News
Facebook
OTI Lumionics on Facebook
YouTube
OTI Lumionics on YouTube

Management Team

Title
Name
Email & Social
Chairman
Carl Eibl
  Carl Eibl LinkedIn Profile  Carl Eibl Twitter Account  Carl Eibl News  Carl Eibl on Facebook
Chairman
John Ho
  John Ho LinkedIn Profile  John Ho Twitter Account  John Ho News  John Ho on Facebook
Chief Executive Officer
Michael Helander
  Michael Helander LinkedIn Profile  Michael Helander Twitter Account  Michael Helander News  Michael Helander on Facebook


 

 

Browse more venture capital transactions:

Prev: 10/26/2022: Workerbase venture capital transaction
Next: 10/26/2022: COTA venture capital transaction

 

Share this article

 


About Our VC Transactions Data

We do our best to record all VC transactions involving tech companies. VC investment data records on this site come from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary