Plastic Logic has closed a third round of funding with another $24m added for commercialising its flexible active matrix displays.

In addition to existing investors, the Cambridge-based firm added BASF Venture Capital, Intel Capital, Morningside Technology Ventures and Quest for Growth.

"We are excited to have reached this milestone as a company and receive this investment from both new and existing shareholders," said Plastic Logic chief executive Stuart Evans.

Some of the investments are seen as stratgic by the firm, particularly Morningside, which has knowledge of China's technology and media sectors, said Evans.

BASF, meanwhile, brings more fundamental knowledge: "Materials will play a major role in the further development of the printable electronics market," pointed out Darren Budd, BASF Venture Capital’s investment manager.

Most of the cash will be used to take products coming off Plastic Logic's prototype line and move them to production-ready status. The firm said it is already delivering the A5-sized SVGA displays to lead customers.

www.plasticlogic.com