Helio Display Materials, a digital display startup company has raised £3.55 million in a funding round led by Longwall Venture Partners capital investor BGF.
Helio was created via the first joint-venture between world-renowned universities Oxford and Cambridge, co-founded by
Professor Henry Snaith of Oxford University and Professor Sir Richard Friend of Cambridge University.
The current funding
will be used to allow Helio to announce two appointments to its management team.
The company
will also seek additional investment to fund a move to custom-built labs at the Wood Centre
for Innovation in Oxford.
Simon Jones, CEO, Helio Display Materials said: “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.”