Investee Company – ELAM-T Ltd
Investee Company Business Type – Developer of ELAMATES® devices and technology
Type of Financing – Expansion
Equity Providers – Advent Venture Partners, i-NET VCT plc, Downing Classic VCT plc, British Smaller Technology Companies VCT and private individuals.
Equity Leader (Individual) – Dave Cheeseman, Advent Ventures
Debt Providers – N/A
Debt Type – N/A
Debt Leader (Individual) – N/A
Equity Amount – £2.5 million
Total Deal Value – £2.5 million
Other Advisors – Altheimer and Gray, Village Capital Ltd
Comments – ELAM-T, a developer of ELAMATES® devices and technology, has secured a £2.5 million second round of financing from a consortium of investors. Advent Venture Partners’ Advent VCT and Advent 2 VCT led this round of funding and was joined by i-NET VCT plc, Downing Classic VCT plc, British Smaller Technology Companies VCT and private individuals.
ELAM-T, a company spun-out from South Bank University in 1999, develops, patents and licenses to display manufacturers a range of high performance electroluminescent (ELAMATES® ) and related technologies. ELAMATES® address the demanding requirements of the Flat Panel Display market where there is a continuing search for energy efficiency, lightness, brightness and sharp colours. ELAMATES® emits pure colours and exhibits very high photoluminescent efficiency and electrolumiscent efficiency, and offers significant reductions in manufacturing costs.
The funding will be used to accelerate commercial co-development of ELAM-T’s patented technology, in particular ELAM-T is now bringing its ELAMATES® product to market.