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Kyulux Gets Cash Infusion of $34m from Fukuoka
Recently, Kyulux hired Noboyuki Nakano, as CEO and CBO and moved Junji Adachi into the CTO position. Now the other shoe dropped and Fukuoka, Japan finalized its Series B-prime funding round, raising ¥3.625 billion (around $34.3 million USD) from several venture capitals and companies. Kyulux had previously raised ¥5 billion JPY in series A and B financing rounds and has been developing TADF materials for Hyperfluorescence™ emitters, a hybrid of TADF and fluorescence material. Dr. Zou Jun, Investment Director of Shanghai Pudong Science and Technology Investment joined Kyulux’s board as an outside director. Kyulux has languished as an emitter developer that after at least 10-years has not released a product for the mainline AMOLED business.
Recently, Kyulux hired Noboyuki Nakano, as CEO and CBO and moved Junji Adachi into the CTO position. Now the other shoe dropped and Fukuoka, Japan finalized its Series B-prime funding round, raising ¥3.625 billion (around $34.3 million USD) from several venture capitals and companies. Kyulux had previously raised ¥5 billion JPY in series A and B financing rounds and has been developing TADF materials for Hyperfluorescence™ emitters, a hybrid of TADF and fluorescence material. Dr. Zou Jun, Investment Director of Shanghai Pudong Science and Technology Investment joined Kyulux’s board as an outside director. Kyulux has languished as an emitter developer that after at least 10-years has not released a product for the mainline AMOLED business.
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