Aledia, French Developer of Next-Generation microLED Displays For High-Volume Consumer Markets, Announces €80M Closing of Planned €120M Investment Round
Aledia, French Developer of Next-Generation microLED Displays For High-Volume Consumer Markets, Announces €80M Closing of Planned €120M Investment Round
10/07/20, 7:04 AM
Money raised
€80 million
Aledia, a French startup that is pioneering a disruptive technology for microLED displays, has closed an €80M first tranche of its €120M D-round financing. The company will use the proceeds to complete its product development and create the first-of-its-kind, high-volume 3D microLED manufacturing facility in the Grenoble area for an estimated capex of €40 million (excluding equipment). Spun out of CEA-Leti in 2012, Aledia uses its proprietary technology to develop LED chips for next-generation displays for laptops, tablets, smartphones, smartwatches, augmented-reality glasses and large TVs.
Company Info
Additional Info
AccelFoods is an early-stage venture fund investing in consumer products.
We partner with entrepreneurs to bring innovative, high-quality food and
beverage products to the forefront of the industry and create the next
generation of enduring brands. With nearly $40m under management, we are
hands-on partners that work tactically with our founders to scale their
businesses quickly and smartly. We connect the dots within the broader food
& beverage ecosystem to provide unique access, share distinct expertise,
and build solid infrastructure.