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13 January, 2006 - 13:12 By Staff Reporter

Valley firm puts cash into Plastic Logic

Plastic Logic completed a further and final closing of its Series C funding with an investment by Oak Investment Partners, a top Silicon Valley VC firm. Plastic Logic completed a further and final closing of its Series C funding with an investment by Oak Investment Partners, a top Silicon Valley VC firm.

The new injection of capital brought the round to $28 million (£16m), making it one of the largest European Venture Capital investments of 2005.

Oak joined Amadeus Capital Partners, Bank of America, BASF Venture Capital, Dow Chemical, Intel Capital, Mitsubishi, PolyTechnos Venture-Partners, Morningside Technology Ventures, Siemens, Quest for Growth and Yasuda as participants in the round.

Proceeds are being used to commercialise the plastic electronics company’s flexible active-matrix displays.

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