Norway-based printed electronics company Thinfilm has raised $110 million. The funding was through a private placement with existing shareholders and institutional investors.

The proceeds fully fund the Company’s CAPEX requirements and operations leading up to an anticipated cash break-even point in early Q2 2019, said the company in a statement. The investment will also be used to fund roll-to-roll manufacturing equipment, ongoing back-end development, and expansion of the sales, marketing, and software teams, said the company in a statement.

Thinfilm creates printed tags, labels, and systems that include memory, sensors, displays, and wireless communication. It is a publicly listed company in Norway with global headquarters in Oslo, Norway; US headquarters in San Jose, California; and offices in Linköping, Sweden; San Francisco; London; and Shanghai.

[Image courtesy: Thinfilm]