GRUENDELPARTNER advises CREDOXYS on Series A funding round

GRUENDELPARTNER advises CREDOXYS on Series A funding round

Dresden-based CREDOXYS GmbH has completed its Series A funding round, which was jointly led by deep-tech investors Ventech and eCAPITAL. eCAPITAL has come on board as a new investor, whilst Ventech has significantly increased its stake. Strategic partner Melchers Group, co-founder Prof. Dr Karl Leo and several business angels with extensive experience in the OLED sector also participated in the round.

CREDOXYS was spun off from TU Dresden in 2021 and specialises in high-performance p- and n-dopants that improve the efficiency, operational lifespan and industrial manufacturability of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPV). Together with display and solar manufacturers, CREDOXYS is working to drive forward the next generation of optoelectronic components.

With the fresh capital, CREDOXYS intends to scale up further in the OLED materials market, expand its market presence in Asia and tap into additional application areas in organic electronics.

GRUENDELPARTNER has been providing CREDOXYS with comprehensive legal advice on financing rounds for several years.

GRUENDELPARTNER’s M&A, Venture Capital and Private Equity practice group is one of the most experienced and best-staffed advisory units in Central Germany and supports investors and entrepreneurs throughout all stages of development, particularly in company formation, business development, corporate financing and all exit processes.