Morphotonics rolls in $10M scale-up funding

Morphotonics has closed a Series B funding round of over 10 million dollars. The Eindhoven-based manufacturer of roll-to-plate nanoimprint technology will use the investment to scale its operations and supply chain, expand its global customer base – particularly in Asia – and further position fully-automated, large-area nanoimprinting as a standard in display optics production through new product innovations.

Building on technology developed by Philips to produce CDs, Morphotonics has developed large-area nanoimprint lithography technology – a suite of equipment, processes and materials – for display manufacturing. Applications include high-performance mobile screens, 3D displays, outdoor-readable smartphones and immersive AR smart glasses.

“We’re on the brink of major growth for applications like glasses-free 3D displays and smart AR Glasses. With this new funding, we’ll strengthen our market and technical leadership and expand our impact on the consumer electronics and display markets,” says Jan Matthijs ter Meulen, co-founder and CEO of Morphotonics.

Among the new investors is US chemicals manufacturer 3M. “3M is excited about our investment in Morphotonics and the potential collaboration opportunity between our companies,” says Mark Copman, senior vice president of 3M New Growth Ventures. Other investors include VC fund Innovation Industries and the Brabant Development Agency (BOM).