CREDOXYS

CREDOXYS, founded in 2021, is a deep-tech startup developing high-performance materials (fine chemicals) for OLED and organic photovoltaics. Based in Dresden, Germany, the company specializes in dopant materials and operates a fabless business model, similar to other OLED material providers, partnering with experienced contract manufacturers for mass production; its future customers include major OLED panel makers such as Samsung Display Co., LG Display, and BOE, as well as emerging producers of organic solar cells and other organic electronic components. Its flagship products are p-dopants, which significantly increase the electrical current through the organic layers of OLED and organic photovoltaic devices to enhance power efficiency. The company describes the OLED display materials market alone as representing a $2 billion market, with rapid expansion in the IT segment. CREDOXYS's Series A round was co-led by Ventech and eCAPITAL, joined by the Melchers Group and LIFTT.