Cynora
Company

Last deal

$25M

Amount

Series C

Stage

14.05.2019

Date

3

all rounds

$61.37M

Total amount

date founded

Financing round

General

About Company
CYNORA develops efficient OLED solutions to enhance power efficiency and color contrast.

Industry

Sector :

Subsector :

founded date

01.01.2008

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

Founded in 2008, CYNORA is a leader in TADF technology, offering organic semiconductors for OLED displays. Their unique technology, known as Thermally Activated Delayed Fluorescence (TADF), reduces power consumption by up to 50 percent. With a multidisciplinary team of around 50 employees, CYNORA focuses on meeting customer requirements and has a broad IP portfolio with over 100 patent families. In 2022, the company was acquired by Samsung Display, further strengthening its position in the global information display industry.
Contacts

Contact Email

Phone number

Social url

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M&A Details
1

Acquired by

Samsung Electronics

announced date

28.06.2022

price

$300M

Financials

Funding Rounds
3
3

Number of Funding Rounds

$61.37M

Money Raised

Their latest funding was raised on 14.05.2019. Their latest investor KfW. Their latest round Series C

Date 
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Investors 
Money Raised 
Lead 
14.05.2019
5
$25M
14.09.2017
2
$29.8M
Local Amount - EUR 25M
06.06.2011
3
$6.57M
Local Amount - EUR 4.5M
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People

Founders
3

Tobias Grab

organization founded

1

Tobias Grab

Thomas Baumann
Thomas Baumann

Thomas Baumann

Dr. Thomas Baumann studied chemistry at the University of Bayreuth and is a co-founder of CYNORA GmbH. He conducts Cynora's research and is also responsible for patent management. As an organic chemist, he has a broad scientific and technical background as well as in-depth knowledge in the field of organic electronics. Together with the other founders, he developed and established a technology platform, allowing both the color and the solubility of optoelectronic materials for applications in organic electronics such as OLEDs to be adjusted precisely.

current job

Cynora
Cynora

organization founded

1

Thomas Baumann

Michael Bachle
Michael Bachle

Michael Bachle

Michael Bächle is a co-founder of CYNORA GmbH and as COO is responsible for the areas of Administration & Operations. After completing his apprenticeship at the Karlsruhe Institute of Technology (KIT), he acted as a researcher in the industry. Since 2008, Michael Bächle has been part of the CYNORA management team. Until 2014, he was working as a technical director and then took over the management of the operative daily business. Together with Thomas Baumann, he developed the technology platform of CYNORA GmbH and has actively prepared the company to enter the market.

current job

Cynora
Cynora

organization founded

1

Michael Bachle

Employee Profiles
5
Adam Kablanian

Adam Kablanian

CEO

Michael Bachle

Michael Bachle

Chief Operation Officer

Thomas Baumann

Thomas Baumann

CSO

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