"Our investment in Novaled is consistent with our strategy to work closely with established market leaders" says Michael Pachos, Senior Investment Manager at SVIC. "Novaled is a technology leader and has built a significant business in the OLED space. The company has demonstrated both a technical and business vision in driving adoption of OLED displays and lighting and we look forward to contributing to the progress of Novaled."
Samsung Venture Investment Corporation is the Venture Capital arm of the Samsung Group with offices in Seoul, Silicon Valley, London and Tokyo. The details of the deal have not been communicated.