Continuous fluidic microLED transfer process develop Pixel-Flo announced that it has raised £5.25 million ($7 million USD) in its seed round, led by Northern Gritstone with additional investment from SCVC, the Parkwalk Northern Universities Venture Fund, and HTGF.
The company say that these new funds will support its transition from laboratory development towards industrial scale-up, expanding its team and relocating to new lab and office space.
Pixel-Flo was founded by Dr Rick Smith, Dr Suneal Ghataora, and Simon Jones. The company is commercializing a technology originally developed at the University of Sheffield, at Prof. Smith's lab. THe company says that proprietary fluidic self-assembly technology offers extremely high continuous throughput, delivering the high-performance of MicroLED at radically reduced processing and material cost.
