Munich – CYNORA GmbH has received growth finance totalling EUR 25 million from leading Korean technology companies LG and Samsung (via Samsung Venture). Established in 2008, the Bruchsal-based company intends to use the funding to develop its high-efficiency emitter materials for OLED displays, with the aim of marketing them by the end of the year.
A CMS team headed by lead partner Stefan-Ulrich Müller advised CYNORA on all legal aspects of the venture capital financing.
CYNORA develops high-efficiency emitters for organic light-emitting diodes (OLEDs). Thanks to a new technology, Thermally Activated Delayed Fluorescence (TADF), CYNORA’s materials will enable a significant reduction in power consumption of OLED components and allow higher display resolution.
Samsung and LG are global market leaders in display technologies. LG Display specialises in the production of liquid crystal screens. Samsung Venture is part of the Samsung Group and invests in forward-looking business models relevant to the South Korean conglomerate. The strategic investment by the two Korean display manufacturers LG and Samsung sends out a clear signal regarding the future development of CYNORA.
Stefan-Ulrich Müller, Lead Partner
Dr. Tilman Weichert, Counsel
Dr. Tobias Kallmaier
Marcel Nurk, beide Senior Associates
Anton Hieber, Associate, alle Corporate/Venture Capital
Stefan Lehr, Partner, Competition & EU
Stefan Lüft, Partner, Intellectual Property