Bodle Technologies Secures Series A Funding Extension
Oxford, UK – December 2020
Bodle Technologies, developer of the world’s first solid-state reflective display technology, has secured an extension to its Series A funding round. Oxford Sciences Innovation (OSI), Bodle’s backer since inception has led the investment with support from the government’s Future Fund.
Bodle was established in 2015 to commercialize ground-breaking optoelectronic technology developed at the University of Oxford. The technology is capable of creating highly luminous colours that can be made into displays or for laser printing of films. The new investment will fund the continued development of the technology across displays and in thin film technologies.
Chairman of Bodle’s Board of Directors, Noel Hurley said: “Although the last few months have been a challenging time for all businesses, Bodle has kept moving the technology forward during this time. This additional funding shows continued confidence from our investors in our core technology and the fantastic team. We are incredibly grateful to OSI and the Future Fund and thank them for their investment.”
Co-founder and CEO Peiman Hosseini said: “While display applications continue to be the mainstay of Bodle’s offering, we have developed a simpler implementation of our technology, which allows printing activated by a laser pulse, removing the requirement for complex electronics and inkjet printing. This process has several potential applications, including security, labelling and product customisation. This has provided Bodle with a product that has a shorter term to revenue and is ready for scale up and commercialisation now. Customers are already exploring this technology, with samples available to purchase.”
Martin Fiennes of OSI who serves on Bodle’s board, commented: “OSI remains convinced that Bodle is the next big displays technology and are excited to support the company’s progress.”