The Venture Codex

Participated · Equity · Nov 2006

Intematix develops customizable, patented phosphors and remote phosphor components, including its ChromaLit™ remote phosphor systems, to improve color quality, consistency and thermal performance in LED lighting and displays. Its phosphors enable white light comparable to conventional sources and ChromaLit systems have demonstrated more efficient cooling that enables compact light‑bulb solutions. The company is headquartered in Fremont, California and maintains R&D, manufacturing, business and support operations in the United States, Asia and Europe. Intematix announced it received $16.2 million in funding to support continued growth. The company plans to use the proceeds for facility expansion, working capital and development of its phosphor and ChromaLit product lines. Company executives framed the investment as enabling Intematix's growth trajectory as LED adoption and light‑quality demands increase. Intematix is a material discovery company based in Fremont that specializes in supplying phosphors used for solid-state lighting and displays. Its core products are phosphors for LEDs and display applications. The company raised $16.5 million in a third round of venture capital. The financing was led by Crosslink Capital and Samsung Ventures and included new investor Presidio STX, a Sumitomo Corporation subsidiary, with participation from Draper Fisher Jurvetson, East Gate Capital and Pacifica Fund. The article positions Intematix in a market benefiting from rapid advances in LEDs, referencing Haitz’s Law and comparing LED progress to Moore’s Law. Solid-state lighting, which uses LEDs, is noted as more energy-efficient than traditional lighting and described as a technology of the future.