Trinity Capital Inc. Provides $30 Million Growth Capital to Aledia

Trinity Capital has closed a $30 million equipment financing line for Aledia, a LED technology company that develops and manufactures next-generation microLED displays.

Founded in 2011 and based in Grenoble, France, Aledia is a fast-growing company that develops 3D micro-light-emitting-diode (microLED) chips used in displays, based on a unique 3D architecture using gallium-nitride on-silicon microwires. Aledia's ambition is to be a major player in the global microLED display market, bringing advanced microelectronics manufacturing technology to the world of displays, including products such as smartphones, tablets, VR/AR systems, smartwatches, laptops and wearable devices.

The team at Aledia expects to use these proceeds to further establish their in-house manufacturing for nanowire growth and accelerate product platforms and development.