FlatFrog raises €12.5 million to accelerate the commercialisation of its optics-based multi-touch solutions

January 20, 2010. Lund (Sweden), and Blackburn (UK). FlatFrog Laboratories AB, a developer and manufacturer of optics-based multi-touch kits and subsystems, today announces that it has raised €12.5 million (approximately US$18 million) in new equity from international strategic and institutional investors.

This investment round was co-led by Invus, an international equity investor, and Promethean, a world leader in the rapidly growing global market for interactive learning technologies. The new investors join existing financial investor Sunstone Capital. Proceeds from this new round of funding will be used to commercialize, FlatFrog’s product line of large high-performance, multi-touch in-glass displays. These systems will initially target the education, gaming, hospitality and digital signage markets. At the same time, FlatFrog is accelerating the development of high-performance optics-based multi-touch kits and subsystems designed for smaller form-factor, high-volume consumer electronics products such as all-in-one computers, notebooks and tablet/slate devices. “FlatFrog is spearheading the development of scalable, cost-efficient, flat multi-touch solutions that will ignite the change of consumer devices into multi-touch and enable new applications in vertical markets such as education and gaming. We look forward to helping the company implement its strategy over the next years”, says Wassim Sacre, Director with Invus S.A.S. “We are excited about Flatfrog’s leading-edge, innovative technology and believe it has numerous applications in the education sector, including the potential development of interactive table products, which would enable students to work collaboratively. We believe our investment in Flatfrog and this strategic partnership further strengthens Promethean’s leading global position in the interactive learning technology market.” commented Jean-Yves Charlier, CEO of Promethean. “The fact that the company has been able to attract such quality investors and business partners is a testament to both the skills of the FlatFrog team and the potential of their technologies to transform a huge multi-touch market in rapid expansion. We are looking forward to working closely with Invus and Promethean as we bring our products to market ”says Eric-Alan Rapp, Partner with Copenhagen-based venture fund Sunstone Capital”. “We would like to extend our thanks to all our investors for their long-term commitment,” said Christer Fåhraeus, Executive Chairman and founder of FlatFrog. “We will use this funding to keep fueling technology innovations in Hands-on computing, providing leading OEM brands with new product platforms and supporting ISVs to develop new applications.” GP Bullhound acted as the exclusive advisor to the Company in the transaction.

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