Cleantech exit – Samsung buys Novaled from Dresden
Congratulations to Novaled and its founders and investors which include eCapital, Germany’s most active cleantech VC. This is a fantastic exit that brings hope and money to the cleantech startup industry in Europe. Samsung Cheil Industries (aka Samsung Chemical) and Samsung Electronics buy 50% and 40% respectively of the Dresden-based late stage startup for a total of €260M of which €30M are bound to reaching further growth targets. Corporate VC Samsung Ventures maintains their 10% stake in the transaction. Founded in 2001, Novaled is a world leader in OLED (Organic LED) materials. Following a fabless strategy from the beginning, Samsung is Novaled’s biggest customer and it comes as no suprise that they turn out to be the acquirer. Novaled’s revenues grew from €10M in 2010 to €26M in 2012. Thus, Novaled’s valuation at exit is 10 times the 2012 revenues or, in other words, the price sales ratio is 10.
Read moreKarl Leo, Jan Blochwitz-Nimoth and Martin Pfeiffer win Deutscher Zukunftspreis 2011
Congratulations to Prof. Dr. Karl Leo, Dr. Jan Blochwitz-Nimoth and Dr. Martin Pfeiffer for winning the Deutscher Zukunftspreis 2011 (DZP11) today. The DZP11 is awarded by the German President and includes €250K prize money. I am very proud of this trio and their work. Karl Leo is university professor at TU Dresden and co-founder of both Novaled and Heliatek, Jan Blochwitz-Nimoth is co-founder and CSO (Chief Scientific Officer) of Novaled and Martin Pfeiffer is co-founder and CTO of Heliatek. It’s all about organic electronics, organic LED and organic PV made in Dresden, Europe’s leading cluster for green photonics.
Read more11.000 VideoViews on Ecosummit TV – Let’s Celebrate by Rewatching the best Smart Green Startups and VCs
We are proud to announce having reached a new major milestone on Ecosummit TV, our wonderful Youtube HD channel: 11.000 VideoViews since we started in February 2011. This is a good reason for rewatching some of the best episodes on Ecosummit TV featuring smart green startups and VCs. Learn about hot Cleantech deals worth backing and how you should invest your fund for successful returns. One more thing: Ecosummit 2012 takes place on 22-23 March 2012 in Berlin and it’s going to be big. Stay tuned!
Read moreEcosummit TV – ECO11 – Harry Boehme – Novaled
Harry Böhme, CFO of Novaled, gives an update on his company at ECO11. Novaled is the fabless European leader in Organic LED (OLED) and one of the most exciting Cleantech startups in Germany. Founded in 2001, Novaled is profitable and made revenues of €10M in 2010 with 100 employees. Among Novaled’s investors is the German VC eCapital. Unfortunately, Novaled does not plan another financing round and may rather consider an IPO or tradesale some time in the future.
Read moreEcosummit TV – Novaled Founder Jan Blochwitz-Nimoth
On 2 March 2011, the Ecosummit TV team drove from Berlin to Dresden to visit 2 of the hottest German Cleantech startups: Novaled and Heliatek. Ecosummit Founder Jan Michael Hess interviews the Novaled Founder and Chief Scientist Dr. Jan Blochwitz-Nimoth. Novaled is a global leader in Organic LED (OLED) and enjoyed €11M revenues in 2010 with 100 employees. Novaled CFO Harry Böhme will speak at ECO11 on 24-25 March 2011 in Berlin.
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