What is Azumo?
Azumo is a Chicago-based nanotechnology and optics company renowned for developing the world's thinnest and most flexible LED light guide film. Leveraging standard Light Emitting Diodes (LEDs), their proprietary front light product is designed for reflective LCD displays and e-paper products. This technology offers unparalleled display clarity and exceptional product design flexibility, positioning Azumo at the forefront of advanced display illumination solutions for tomorrow's consumer electronic devices.
How much funding has Azumo raised?
Azumo has raised a total of $56.9M across 6 funding rounds:
Series A
$5.5M
Debt
$3.1M
Series B
$9M
Debt
$350K
Other Financing Round
$9M
Other Financing Round
$30M
Series A (2014): $5.5M with participation from Energy Foundry
Debt (2015): $3.1M, investors not publicly disclosed
Series B (2018): $9M supported by Energy Foundry, Bascom Ventures, and SABIC
Debt (2020): $350K featuring PPP
Other Financing Round (2020): $9M backed by Anzu Partners
Other Financing Round (2022): $30M with participation from SABIC Ventures, Dipalo Ventures, Energy Foundry, Anzu Partners, and VectoIQ
Key Investors in Azumo
Anzu Partners
Anzu Partners is an investment firm specializing in breakthrough technologies within clean tech, industrial, and life sciences sectors. They actively support founders in bringing innovative solutions to market by providing expertise in business development and market positioning.
Energy Foundry
Energy Foundry is an entity involved in the energy sector, participating in Azumo's funding rounds. Further details on their specific investment focus are not provided.
Bascom Ventures
Bascom Ventures operates within the Venture Capital & Private Equity industry, contributing to Azumo's Series B financing. Their investment suggests a focus on companies with significant growth potential.
What's next for Azumo?
With the recent infusion of major strategic capital, Azumo is poised for accelerated expansion and technological advancement. The company's focus on developing highly efficient and flexible lighting solutions for electronic displays suggests a strategic push into emerging markets and next-generation device integration. Future endeavors will likely involve scaling production, enhancing product performance, and forging new partnerships to solidify its leadership in the competitive consumer electronics supply chain. This substantial backing will fuel innovation and support Azumo's mission to redefine visual experiences through advanced lighting.
See full Azumo company page
