What Display Daily thinks: Buying up German companies comes with its own challenges, most of which revolve around the myriad regulations, tax and employment laws that have to be navigated to manage a transaction. The interesting thing about companies like Credoxys is that they are the beneficiaries of local government investment and support, enabled to develop innovative products, and judged on their uniqueness, as well as their German-ness, meaning that they are fully formed industrial entities without having the size or reach you would expect.
Overhead costs in Germany are high, the reach of these companies is sometimes hampered by a lack of international sales and marketing presence, and there is a general insularity that comes out of wanting to keep a well-defined national identity. Some of that comes from the lack of funding sources, and a reliances on more conservative investors.
That doesn’t mean Credoxys is up for sale, but by all measures, it is a decent opportunity to get a world-class technology team, secure subsidies from local funding sources, and gain some competitive edge in OLED.
Otherwise, the sheer output of similar companies in Korea and China makes you wonder what is the long term ROI for investors in these innovators, and some might say, stragglers.
Credoxys Secures More Funding
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.
