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Credoxys raises Series A funding co-led by Ventech and eCAPITAL to advance p-dopant OLED technology and expand operations.

PRIVATESep 05, 20263 days ago

Round Type

Series A

GermanyManufacturingEnergyRenewable EnergySolar

Investors

E CapitalVentech

Description

Germany-based Credoxys completed its Series A funding round co-led by Ventech and eCAPITAL. The company will use the funds to scale-up OLED material operations, expand market presence in Asia, and initiate R&D into other organic electronics applications. Credoxys develops novel materials for p- and n-sides of OLEDs and organic solar cells, with p-dopants that exhibit low visible light absorption and low pixel cross-talk. The materials are designed for phosphorescent blue OLEDs and also improve efficiency in perovskite solar panels.

Company Information

Company

Credoxys

Location

Germany

About

Credoxys is a Germany-based company focused on developing novel materials for organic electronics, particularly p- and n-side dopants for OLEDs and organic solar cells (OPVs). The company's p-dopants exhibit extremely low absorption of visible light and low pixel cross-talk, making them suitable for phosphorescent blue OLEDs. Their materials also enhance the efficiency and performance of perovskite solar panels.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Credoxys raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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