Intematix Round Nets $16.5M

Intematix Corp., a maker of solid-state lighting and display phosphors, announced it has raised $16.5 million in a series C venture capital financing round led by Crosslink Capital and Samsung Ventures.

Additional series participants include new investor Sumitomo Corp. subsidiary Presidio STX and existing investors Draper Fisher Jurvetson, East Gate Capital and Pacifica Fund.

Intematix said the funding will be used for product line and market expansion as well as intensified materials research and development at its headquarters in Fremont.

CEO Magnus Ryde said the company experienced a 300-percent increase in phosphor revenues, from last year to this year, due to its rapid development of customizable material compositions for a variety of technologies, including LED and display phosphors, scintillators, integrated circuit materials and fuel cell development.

For more information, visit: www.intematix.com