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Announced

Completed

A consortium of investor led a $55m Series B funding round in OTI Lumionics.

Financials

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Transaction Value£48m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Cross Border

Private Equity

Venture Capital

Minority

Friendly

consumer electronics

Acquisition

Canada

Completed

Electronic Equipment: Other

Synopsis

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A consortium of investor led a $55m Series B funding round in OTI Lumionics, a developer of production-ready advanced materials for consumer electronics, with participation from LG Technology Ventures, Samsung Venture Investment Corporation, UDC Ventures, Anzu Partners and The Family Office of Lee Lau. “OTI has emerged as a key enabler of new materials that complement the OLED stack and are expected to enhance the ecosystem. We are excited to join the team as an investor in this round and look forward to broadening our dialogue,” Josh Epstein, UDC Ventures Managing Partner.

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