Shenzhen-based advanced flexible display, flexible sensor, and smart device maker Royole Technology and Fujian-based Yingke Innovation Asset Management (Yingke PE) recently signed a strategic investment and partnership agreement, under which Yingke PE will be the sole investor in Royole's Series E funding round. The specific funding amount was not disclosed. Following the funding round, Royole is valued at nearly USD 5 bln.
Royole was established in 2012. The company's products include a line of flexible screen fashion tops and hats, RoWrite smart writing pad, and Moon 3D and Royole-X mobile theater systems. The company also offers industry solutions in the smart home, education and office, and smart transportation domains.
Editor's Note: For more information on this topic, please see Poly Capital Invests in Flexible Display Maker Royole, MD 5/23/18 issue.