FlatFrog Laboratories, a startup in Lund, Sweden, developing optics-based multi-touch kits and subsystems, has raised $18m to commercialise its technology with the backing of a UK company.
This investment round was co-led by Blackburn-based Promethean, a specialist in the rapidly growing global market for interactive learning technologies, and Invus, an international equity investor. They join existing Copenhagen-based venture capital investor Sunstone Capital.
This investment round was co-led by Blackburn-based Promethean, a specialist in the rapidly growing global market for interactive learning technologies, and Invus, an international equity investor. They join existing Copenhagen-based venture capital investor Sunstone Capital.
FlatFrog develops a line of large high-performance, multi-touch in-glass displays, initially for the education, gaming, hospitality and digital signage markets. The first product, a 40in full HD touch panel, starts shipping next quarter.
At the same time, FlatFrog is accelerating the development of high-performance optics-based multi-touch kits and subsystems designed for smaller form-factor, high-volume consumer electronics products such as all-in-one computers, notebooks and tablet/slate devices.
"FlatFrog is spearheading the development of scalable, cost-efficient, flat multi-touch solutions that will ignite the change of consumer devices into multi-touch and enable new applications in vertical markets such as education and gaming. We look forward to helping the company implement its strategy over the next years", said Wassim Sacre, Director with Invus.
"We are excited about Flatfrog's leading-edge, innovative technology and believe it has numerous applications in the education sector, including the potential development of interactive table products, which would enable students to work collaboratively. We believe our investment in Flatfrog and this strategic partnership further strengthens Promethean's leading global position in the interactive learning technology market," said Jean-Yves Charlier, CEO of Promethean.
Nick Flaherty has been covering technology and startups since 1990 and is based in Bristol, where he co-founded the SiliconSouthWest network. During that time he has worked for most of the electronics magazines and newspapers in the UK and several in Europe and the US, covering all areas of the industry. He blogs at The Embedded blog and Portable Multimedia and at www.flaherty.co.uk.
At the same time, FlatFrog is accelerating the development of high-performance optics-based multi-touch kits and subsystems designed for smaller form-factor, high-volume consumer electronics products such as all-in-one computers, notebooks and tablet/slate devices.
"FlatFrog is spearheading the development of scalable, cost-efficient, flat multi-touch solutions that will ignite the change of consumer devices into multi-touch and enable new applications in vertical markets such as education and gaming. We look forward to helping the company implement its strategy over the next years", said Wassim Sacre, Director with Invus.
"We are excited about Flatfrog's leading-edge, innovative technology and believe it has numerous applications in the education sector, including the potential development of interactive table products, which would enable students to work collaboratively. We believe our investment in Flatfrog and this strategic partnership further strengthens Promethean's leading global position in the interactive learning technology market," said Jean-Yves Charlier, CEO of Promethean.
Nick Flaherty has been covering technology and startups since 1990 and is based in Bristol, where he co-founded the SiliconSouthWest network. During that time he has worked for most of the electronics magazines and newspapers in the UK and several in Europe and the US, covering all areas of the industry. He blogs at The Embedded blog and Portable Multimedia and at www.flaherty.co.uk.
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