Plastic Logic Receives New $50 Million Round of Venture Capital from World-Class Investors

Plastic Logic has raised a new round of $50 million in equity finance led by existing venture capital investors Oak Investment Partners and Amadeus Capital Partners, joined by its previous world-class investors. Plastic Logic is the developer of industry-leading products and services to access, organize and consume digital information, based on its pioneering plastic electronics technology. To date, the company has raised more than $200 million.

Since its founding in 2000 by leading researchers out of the Cambridge University Cavendish Laboratory, Plastic Logic has developed broad and deep intellectual property in plastic electronics, essentially a semiconductor replacement technology that has broad applicability across many markets.

The company’s first product implementation solves critical issues in manufacturing flexible, thin, highly scalable plastic displays that are lightweight, offer high viewing quality and low power consumption. Plastic Logic plans to enter the market with a consumer electronics device incorporating this groundbreaking display technology in early 2009.

“We are approaching very significant milestones in the creation of the plastic electronics industry with the opening of our Dresden plant and the pending launch of our first commercial consumer electronics product,” said CEO Richard Archuleta. “This new investment will enable expanded business operations in support of our first commercial product early next year while we continue to develop our IP to deliver on our broader long-term vision.”

“We have placed a big bet that plastic electronics is, indeed, a game-changing technology. Over time, the markets and possibilities for plastic electronics are endless,” said technology investor Hermann Hauser of Amadeus Capital.