Nov. 8, 2005 – Power Paper Ltd., a provider of thin and flexible micro-power source technology and devices, announced that it has completed a $30 million fundraising round.
The round was led by funds advised by Apax Partners, which invested $16 million, and Clal Industries and Investments and the Infinity Venture Capital Fund, which together invested $12 million. Previous investor Banc America Capital Partners also participated in the round, investing $2 million.
Established in 1997, Power Paper specializes in developing and marketing technology applications that operate with the thin and flexible, environment-friendly micro-power source that the company has developed. The power source does not require metal casing and can be printed cost-effectively directly onto paper, plastic, or other substrates, using standard printing equipment. The battery technology allows product manufacturers to design a power source that suits a specific product, rather than match the product to the form factor of the power source.