Helio Display Materials secures £3.6m in Series A funding led by Longwall Venture Partners and BGF to expand operations
The funding round was led by Longwall Venture Partners and BGF to drive team expansion and new laboratory facilities.
Helio Display Materials develops proprietary perovskite technology to improve the brightness, colour gamut and energy efficiency of screens. The British firm is the first joint spin-out from the universities of Oxford and Cambridge.
Helio Display Materials has secured £3.6m in Series A funding led jointly by Longwall Venture Partners and BGF. The capital will support a significant expansion of the team and a relocation to custom-built laboratories at the Wood Centre for Innovation in Oxford.
The company is applying its perovskite science to enhance display performance and efficiency, targeting the global display module market. Chief Executive Simon Jones noted that the financing marks a shift in scale, enabling the firm to build its product design capacity and engage partners across the supply chain.
From the founder
"Helio is on a mission to use our world-leading perovskite science to step up the performance and efficiency of displays. This fund raising marks a change of gear for Helio, enabling us to significantly grow our capacity to design products and engage with partners in the display supply chain. I would like to thank and acknowledge our enormously supportive investors who share our vision of a bright future for perovskites in displays."
Simon Jones
CEO at Helio Display Materials
Use of funds
- 01Grow the team
- 02Scale operations
Investors
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About the company
Helio Display Materials
Helio Display Materials creates proprietary perovskite materials to improve screen performance and energy efficiency.