LONDON — Liquavista BV, a fabless display manufacturing company spun out Philips Research in April this year, has received €12 million in a Series A financing led by Amadeus Capital Partners and GIMV.

New Venture Partners, who led the spin out of Liquavista (Eindhoven, Netherlands) is also participating.

Liquavista has developed and patented an electro-wetting technology for mobile device display screens. This technology has the same range and ability to show videos and full colour images as current LCD screens, while also addressing two main problems inherent in today’s displays: poor readability in bright lighting conditions and high power consumption that drains batteries quickly.

The company’s first product platform — ColorMatch — provides a reflective performance of more than 50 percent over an unlimited viewing angle.