In one of the biggest venture capital rounds ever in Europe, UK electronic paper display technology company Plastic Logic has received $100 million in venture funding. The new round was led by Oak Investment Partners and Tudor Investment Corporation. Existing investors Amadeus, which led the seed funding, Intel Capital, Bank of America, BASF Venture Capital, Quest for Growth and Merifin Capital also participated.
The company will use the money to build a factory in Dresden, Germany to make the display modules for electronic reader products…these flexible active-matrix displays can be fabricated like the pages of a book and used to display downloaded content of books or newspapers. It will start production in 2008.
IDG News: In an October trade show, the company demonstrated a SVGA quality, 600-by-800 pixel, flexible active-matrix display it had created on a prototype production line in Cambridge. The company plans to improve the quality of its plastic displays from 150 pixels-per-inch, 16-shade greyscale in 2008 to 20 dots-per-inch, 4,096-color screens in 2010 and full video ability by 2012.
Some more details in the release here.