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Press release
MICLEDI Microdisplays raises EUR 7M from FPIM and KBC Focus Fund to accelerate the commercialisation of microLED displays for Augmented Reality
About
- MICLEDI Microdisplays is a fabless developer of microLED displays for the Augmented Reality (AR) market. Our technology is based on an innovative combination of III/V materials processing, 3D integration and 300mm Si based processing combined with a proprietary ASIC to provide a self-contained, compact monolithic AR display with high image quality and power efficiency. Part of the process technology and prototyping is currently being developed in collaboration with IMEC and will be transferred to an industrial foundry partner for mass production. (www.micledi.com)
- FPIM (SFPI-FPIM) is the sovereign wealth fund of Belgium, driving long-term and sustainable economic and social prosperity. SFPI-FPIM acts as a trusted partner in helping Belgian companies to become a reference in their industry by providing smart capital solutions. In addition, SFPI-FPIM safeguards the long-term stability of the Belgian economy by contributing to the anchoring of strategic assets in both promising and established companies. SFPI-FPIM has about EUR 14 billion in assets under management for the Federal State. (http://www.sfpi-fpim.be)
- KBC Focus Fund is a €50 million venture capital fund that invests in advanced technologies with a particular emphasis on semiconductor, nanotechnology and IoT. It focuses on Western-Europe where well-known expertise centers are located. KBC Focus Fund leverages on the network and expertise of KBC Group. It is managed by KBC Securities, which has a solid knowledge of the tech ecosystem in Belgium and beyond with experienced teams in M&A, Corporate Finance, and Research & Sales. As part of the KBC Group, the KBC Focus Fund aims to be long-term partners for entrepreneurs. (https://www.focusfund.be)
