Linköping, Sweden – March 2025 – Polar Light Technologies has successfully closed a fully subscribed funding round of 34 MSEK / 3.4 MUSD, drawing strong interest from both existing and new investors. All major shareholders participated in the round – including Stoaf SciTech and fam Bo Eklöf, which increased its stake beyond its pro rata share, as well as Almi Invest, Sustainable Energy Angels, Butterfly Ventures, and LiU Invest. Notably, J2L Holding has joined as a significant new investor.

With this strengthened backing, the company is now entering its commercialization phase, aiming to bring its revolutionary innovation to market in 2026.

Polar Light Technologies’ patented microLED technology enables significantly smaller, more efficient microprojectors and displays. It emits red, green, and blue light from the same material compound—without the compromises or added complexity typically required by competing approaches.

“This is a major milestone for us,” says Oskar Fajerson, CEO of Polar Light Technologies. “We’ve methodically advanced from deep research to a commercially viable solution. Investor interest confirms both their belief in our technology and our ability to deliver. This capital will allow us to accelerate our journey toward product launch in 2026.”

This closing of 34 MSEK /3.4 MUSD marks a key step in the company’s growth journey. With strong momentum and increasing interest, the company is now preparing next closing to further accelerate commercialization. A larger financing round is planned for 2026 to support full-scale market entry.

In December 2024, the company achieved a pivotal technical breakthrough: red emission at 625 nm using its bottom-up pyramidal microLED design. With red, green, and blue now all achieved using the same material system, Polar Light Technologies is laying the foundation for truly monolithic RGB displays.
The innovation has already sparked high-level discussions with several future customers and attracted further investor attention.

Among the participating investors, Stoaf SciTech took a particularly strong position, increasing its ownership and reaffirming its long-term belief in the company’s trajectory. Their decision underscores the growing confidence in Polar Light Technologies’ ability to lead the next wave of microLED innovation.

“We chose to invest more than our pro rata share because we strongly believe in Polar Light Technologies’ potential to transform the microLED market,” says Klaus Gottwald from Stoaf SciTech. “What the team has achieved—technically and strategically—is rare. This is not just a great
technology; it’s a company ready to lead. We’re proud to be part of their journey and to support them in scaling toward commercialization.”

“The semiconductor sector is buzzing with new players and innovation, and we believe Polar Light Technologies stands out in a very exciting way,” says Johan Lindh from J2L Holding. “MicroLEDs and next-gen display technologies are strategic not just for the industry, but for Europe as a whole—and it’s remarkable to see a Swedish company leading at the frontier.”

About Polar Light Technologies
Polar Light Technologies has developed a patented bottom-up approach to manufacturing pyramidal microLEDs through atom-by-atom crystal growth—eliminating the need for destructive etching methods used by competitors. This approach enables unmatched pixel size, brightness, energy efficiency, and seamless manufacturability. The company stems from groundbreaking research led by Professor Per-Olof Holtz at Linköping University, supported by Vinnova, Sweden’s innovation agency.

For more information, please contact:
Oskar Fajerson CEO | Polar Light Technologies
oskar.fajerson@polar-light-technologies.com | +46 738 19 38 00