CREDOXYS secures financing round for market entry of superior doping technology for OLEDs and organic solar cells

 

CREDOXYS, the Dresden-based deep-tech start-up for novel OLED doping technology, has successfully closed another financing round.

The round is led by the Italian deep-tech Venture Capital Investor LIFTT and the Melchers Group from Bremen. The previous investors TGFS Technologiegründerfonds and TUDAG as well as other business angels are also participating once again. 

“We have the technology for the OLED-display and the organic solar cell of tomorrow,” says Dr Sascha Dorok, Managing Partner of CREDOXYS. “The financing round will enable us to expand our development activities and thus accelerate our entry into the OLED markets in Korea and China.”   Since its foundation in 2021, CREDOXYS has focused on the research and development of novel doping materials for organic electronics. These recently developed material classes enable the production of OLED displays and organic solar cells with higher efficiencies and longer lifetimes.

Caption: CREDOXYS aims to revolutionise OLED displays and organic solar cells (photo: CREDOXYS)