Tuesday, November 08, 2005

Power Paper raises $30M

Israel-based Power Paper, which is developing thin, flexible micro-batteries, announced a $30M round. The company's products are used in RFID, as well as in some cosmetics applications. The round was led by Apax Partners, which put in $16M, and included Clal Industries and Investments and the Infinity Venture Capital Fund ($12M total between the two), as well as existing investor BancAmerica Capital Partners ($2M). Existing funders included Amadeus Capital Partners (UK), PolyTechnos (Germany), the Millenium Fund (Israel), Yasuda Enterprise Development (Japan), EDB (Singapore), and Toppan Forms (Japan). Total investments to date are almost $60M.


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