French microLED display startup Aledia announced it closed an €80M first tranche of its €120M D-round financing. The company will reportedly use the funds to finish product development and create a new high-volume 3D microLED manufacturing facility in France for an estimated capital expenditure of €40 million (excluding equipment).

Aledia uses its proprietary technology to generate LED chips for next-generation displays for smartphones, laptops, smartwatches, tablets, augmented-reality glasses and large TVs.  The technology is reportedly the subject of 197 patent families making Aledia the top French startup in France in terms of filed patents.

Aledia investors reportedly include Demeter Investment Partners, Ingka Investments, Braemar Energy Ventures, the Ecotechnologies fund of Bpifrance, Supernova Invest, Valeo, Intel Capital, Sofinnova Ventures, TEL (Tokyo Electron), and several large technology companies.

See Business Wire; Yahoo Finance

 

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Photo of Dan Shores Dan Shores

Dan Shores is a Partner at Rothwell Figg and is a founder of its Boston office. He is passionate about helping his clients build robust patent portfolios, litigate matters (both as plaintiffs and defendants in the U.S. District Courts and in IPR and…

Dan Shores is a Partner at Rothwell Figg and is a founder of its Boston office. He is passionate about helping his clients build robust patent portfolios, litigate matters (both as plaintiffs and defendants in the U.S. District Courts and in IPR and other post-grant proceedings), protect trade secrets, negotiate strategic collaborations, conduct due diligence and landscape investigations, and prepare for success in funding rounds and exits. Dan is a problem-solver who excels at deciphering key translational aspects of a broad array of technologies to maximize leverage in the context of clients’ desired implementation of such technologies whether as participants in dynamic markets or as first movers. Dan is a registered patent attorney licensed to practice before the United States Patent and Trademark Office, and is admitted to practice law in Massachusetts and in the District of Columbia. He is a member of the bars of the Supreme Court of the United States, United States Court of Appeals for the Federal Circuit, and United States District Court for the District of Massachusetts. Dan lives in Boston with his wife Lindsay, their daughter Audrey, and their two English Bulldogs Jarves and Rosie.

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