Orrick advised Aledia on the closing of the first of three tranches of its €120 million Series D investment round. This €80 million first tranche was notably raised from lead investor Bpifrance via its SPI fund. The majority of the existing strategic investors, including Intel Capital, joined the round.
French startup Aledia, founded in 2012 and based in the Grenoble area in France, develops and manufactures microLED displays and components to equip the $120 billion worldwide display market with next-generation technology. Through this D-round financing, Aledia aims to complete its product development and create the first-of-its-kind, high-volume 3D microLED manufacturing facility. The next two tranches of the D-round financing will take place within the next year.
Aledia’s existing investors include Braemar Energy Ventures, Demeter Investment Partners, the Ecotechnologies fund of Bpifrance, Ingka Investments, Intel Capital, Sofinnova Ventures, Supernova Invest, TEL (Tokyo Electron), Valeo, and several large, additional technology companies.