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- December
2013
Smart green dealflow: E-volo crowdfunding, Lock8, Yetu, Thermondo and Zim Plant Technology exit
5 startups that pitched at Ecosummit conferences in the past celebrate new funding rounds. Within 3 days, 9 hours and 52 minutes electric aviation pioneer E-volo raised €1.2M in a record-breaking crowdfunding event on Seedmatch. Just in time, the Karlsruhe-based cleantech startup managed the first unmanned flight with the prototype of their green Volocopter VC 200 (see video below). Ecosummit contributed €1K and joined a group of 750 fearless crowd investors that agree that this worldwide innovation is ready for take off. With the help of E-volo Seedmatch established firmly as Germany’s leading crowdfunding platform for startups having raised over €10M for 50 projects since August 2011.
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- December
2013
Harry Böhme tells the cleantech exit story of Novaled to Samsung
Ecosummit TV: CFO Harry Böhme tells the cleantech exit story of Novaled to Samsung at ECO13 London. Founded in 2001, the Dresden-based startup is a world leader in OLED (Organic LED) materials and Samsung is the biggest customer. In September 2011, Corporate VC Samsung Ventures invested and Novaled’s management made sure to limit Samsung’s stake and control to 10%. 2 years later, Samsung Cheil Industries (aka Samsung Chemical) and Samsung Electronics acquired the remaining 90% for €260M, including an earnout of €30M bound to reaching further milestones. Novaled’s revenues grew from €10M in 2010 to €26M in 2012 (price sales ratio of 10). With €29M of venture capital injected in Novaled the returns are pretty healthy.
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