Kateeva Valuation, Funding & Investors

Kateeva is valued at $258M as of May 2016.

Last Kateeva valuation

$258M

Series E · May 2016

Last Kateeva funding round

$88M

Series E · May 2016

Cumulative funding Kateeva raised

$126M

across 2 funding rounds

Key investors in Kateeva

  • Spark Capital
  • Samsung Ventures
  • DBL Partners
  • New Science Ventures
  • Sigma Partners
  • Madrone Capital Partners

Kateeva Overview

About Kateeva

Kateeva is a Menlo Park-headquartered provider of inkjet printing equipment for OLED display manufacturing. The company's YIELDjet platform deposits thin-film encapsulation layers on flexible substrates up to Generation 10.5 glass sizes. Deployed at facilities in South Korea and China, Kateeva's systems support high-volume production of large-area OLED panels for televisions and wearable devices. Founded in 2005, Kateeva enables manufacturers to achieve extended device lifetimes through precise material deposition while minimizing waste. The technology addresses challenges in rigid and flexible OLED scaling for consumer electronics applications.


Founded

2008

HQ

United StatesNewark, NJ

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$258M (May 2016)

Kateeva Valuation

Kateeva is currently valued at $258M, based on its Series E in May 2016.

The $88M round was led by Bank of England, Redview Capital and TCL Capital, with participation from Veeco, DBL Partners, GP Capital, Spark Capital, Sigma Partners and 4 other investors.

Kateeva valuation by funding round

Kateeva valuation by funding round
DateStageValuation
May 2016Series E$258M

Kateeva Funding History

Kateeva has raised a total of $126M across 2 funding rounds.

Kateeva's first fundraising round was a $38M Series D in September 2014. The most recent completed round was a $88M Series E in May 2016.

Kateeva funding rounds

Kateeva funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2016Series EBank of England (lead); Redview Capital (lead); TCL Capital (lead); Veeco; DBL Partners; GP Capital; Spark Capital; Sigma Partners; Cybernaut Venture Capital; Samsung Ventures; New Science Ventures; Madrone Capital Partners$88M$258MKateeva, founded in 2008 as a spin-off from MIT research by Conor Madigan, Gerry Chen, and Valerie Gassend, develops inkjet printing technology for OLED displays and other applications, serving customers like Samsung, BOE Technology Group, and TCL. The company faced funding challenges but secured major orders and investor interest from Chinese corporate venture arms. On May 19, 2016, Kateeva raised $88 million in a Series E round led by BOE Technology Group, Redview Capital, and TCL Capital, with participation from Cybernaut Venture Capital, DBL Partners, GP Capital (Golden Partners Capital), Madrone Capital Partners, New Science Ventures, Samsung Ventures, Sigma Partners, Spark Capital, and Veeco Instruments. This round brought total funding to approximately $126 million across two rounds (Series D $38M in 2014 and Series E). The Series E achieved a post-money valuation of $258 million at a share price of $1.50, reflecting strong confidence from strategic investors who were also customers in the display manufacturing sector. Funds supported capital expenditures, working capital, product development, and scaling operations amid high costs for equipment-intensive manufacturing. Kateeva's technology addressed precision deposition needs for next-generation flexible and foldable displays, positioning it in the competitive OLED inkjet printing market. Post-round, Kateeva pursued ambitious growth including a planned NASDAQ IPO withdrawn in 2018 due to market conditions, faced liquidity issues in 2019 resolved by a $15M loan from a Chinese firm, and continued operations with investor backing from figures like Dr. Jin Yi of Redview Capital and executives from Veeco and TCL.
Sep 2014Series DSigma Partners (lead); Veeco; DBL Partners; Spark Capital; Samsung Ventures; New Science Ventures; Madrone Capital Partners$38M-Kateeva develops inkjet printing technology for manufacturing organic light-emitting diode (OLED) displays and other advanced electronics. The company has raised significant venture funding, with total funding reaching $327.49 million across multiple rounds. Kateeva's board includes representatives from key investors like Sigma Partners (Fahri Diner), Spark Capital (Todd Dagres), and Veeco (Shubham Maheshwari), as well as others from later investors. A Series D round is listed on September 14, 2014, involving investors including Sigma Partners as lead, alongside DBL Partners, Madrone Capital Partners, New Science Ventures, Samsung Ventures, Spark Capital, and Veeco Instruments. A Fortune Term Sheet from September 15, 2014, references a funding round led by an unnamed investor with Sigma Partners joining as a returning backer, noting Kateeva had raised around $120 million in total VC funding to that point. A later Series E on May 19, 2016, raised $88 million at a $258 million post-money valuation with participation from many of the same investors plus others like BOE Technology Group.

Who has invested in Kateeva?

12 investors have backed Kateeva across its funding rounds, including Spark Capital, Samsung Ventures, DBL Partners, New Science Ventures, Sigma Partners and Madrone Capital Partners.

Lead investors include Bank of England, Redview Capital, TCL Capital and Sigma Partners.


Kateeva Investors

Investors in Kateeva by funding rounds participated
InvestorHQRoundsRoleFirst check
VeecoUnited StatesNew York City, NY2ParticipantSep 2014
DBL PartnersUnited StatesSan Francisco, CA2ParticipantSep 2014
Spark CapitalUnited StatesSan Francisco, CA2ParticipantSep 2014
Sigma PartnersUnited StatesBoston, MA2LeadSep 2014
Samsung VenturesSouth KoreaSouth Korea2ParticipantSep 2014
New Science VenturesUnited StatesGreenwich, CT2ParticipantSep 2014
Madrone Capital PartnersUnited StatesMenlo Park2ParticipantSep 2014
GP CapitalChinaShanghai1ParticipantMay 2016
Cybernaut Venture CapitalChinaHangzhou1ParticipantMay 2016
Bank of EnglandUnited KingdomLondon1LeadMay 2016

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Investments by Kateeva

Kateeva has invested in 1 company to date.

Latest investment by Kateeva was on April 18th 2018. Kateeva invested in Pixelligent in their $8M Series A round.


Latest Investments by Kateeva

Pixelligent
Description
Pixelligent engineers nanocomposite materials replicating natural metal oxides through its PixClearProcess manufacturing platform. Baltimore-based, the company produces PixClear particles for integration into displays, optics, and coatings via inkjet printing, nanoimprint lithography, and slot-die methods. Pixelligent supplies materials enhancing brightness and efficiency in OLED screens and anti-reflective films for electronics manufacturers.
HQ CountryUnited States
HQ City
Baltimore, MD
Deal Date18 Apr 2018
RoundSeries A
Raised$8M
InvestorsAbell Foundation; TCP Venture Capital; Tokyo Ohka Kogyo
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Kateeva Competitors

Kateeva competitors include listed companies like Alfa Solar, Smart Gunes Enerjisi Tek, EVgo and H-Power, and private ones like Jeanologia and Infinitum.

Public and private companies comparable to Kateeva
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Alfa SolarTurkeyTurkeyPublicly listed$169M$10M$256M-
Smart Gunes Enerjisi TekTurkeyTurkeyPublicly listed$217M$49M$250M-
EVgoUnited StatesUnited StatesPublicly listed$384M($18M)$209M2.1x
JeanologiaSpainValenciaPrivate$72M-$431M6.0x
H-PowerUnited KingdomUnited KingdomPublicly listed$168K($29M)$150M59.4x
InfinitumUnited StatesAustin, TXPrivate--$538M-

Kateeva Public Comps

Kateeva is still privately-owned, but its public comps include Darfon Electronics, Alfa Solar, Smart Gunes Enerjisi Tek, Ecoener, Cloud Live Technology, Reach Subsea, HMH Holding, Smart Sand, NorAm Drilling and EVgo.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Darfon Electronics$787M$44M0.6x0.6x10.9x-
Alfa Solar$169M$10M1.7x-30.6x-
Smart Gunes Enerjisi Tek$217M$49M2.3x-10.3x-
Ecoener$98M$51M8.3x6.2x15.8x11.7x
Cloud Live Technology$50M($11M)5.9x-(25.8x)-
Reach Subsea$285M$124M1.4x1.5x3.3x3.4x
HMH Holding$822M$137M1.2x1.2x7.2x6.1x
Smart Sand$330M$25M0.8x0.8x10.3x-

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Common questions about Kateeva

When was Kateeva founded?Kateeva was founded in 2008.
Where is Kateeva headquartered?Kateeva is headquartered in Newark, NJ, United States.
Is Kateeva publicly listed?No, Kateeva is a private, VC-backed company.
What is Kateeva's valuation?Kateeva was last valued at $258M in its Series E in May 2016.
How much funding has Kateeva raised?Kateeva has raised $126M across 2 funding rounds.
What was Kateeva's last funding round?Kateeva's last funding round was a $88M Series E in May 2016, led by Bank of England, Redview Capital and TCL Capital.
Who are Kateeva's investors?Kateeva's investors include Veeco, DBL Partners, Spark Capital, Sigma Partners, Samsung Ventures, New Science Ventures, Madrone Capital Partners, GP Capital, Cybernaut Venture Capital, Bank of England and 2 others.
Which companies are comparable to Kateeva?Companies comparable to Kateeva include Alfa Solar, Smart Gunes Enerjisi Tek, EVgo, Jeanologia, H-Power and Infinitum.
How many companies has Kateeva invested in?Kateeva has invested in 1 company, including Pixelligent.
What was Kateeva's last investment?In April 2018, Kateeva invested in Pixelligent's $8M Series A alongside Abell Foundation, TCP Venture Capital and Tokyo Ohka Kogyo.

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