Bullnet Capital, an independent Spanish private equity firm, has led a €2 million funding round in FlexilC, a spin-off from IMB-CNM (CSIC) focused on the design and development of organic and flexible integrated circuits based on thin-film transistor technologies.
According to Bullnet Capital in a statement, the purpose of this capital injection is to accelerate the company’s industrialisation process and support the development and market launch of its first product families.
The transaction will also enable FlexilC to strengthen its engineering team, secure manufacturing agreements, and expand its commercial activity with original equipment manufacturer (OEM) partners.
FlexilC has developed its own proprietary technology combining oxide (IGZO) and organic (OTFT) transistors, resulting in a new generation of ultra-low-cost flexible integrated circuits.
The company operates under a fabless model (without manufacturing facilities) and plans to scale its business through high-volume applications and future licensing opportunities.
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