Mishcon de Reya has advised Pixel-Flo Ltd on its £5.25 million seed funding round, led by Northern Gritstone with additional investment from SCVC, the Parkwalk Northern Universities Venture Fund and HTGF.
Pixel-Flo, a University of Sheffield spin-out, is developing technology to address a key challenge in the manufacture of MicroLED displays. Its proprietary Continuous-Flow Mass Transfer platform is designed to improve the scalability and cost-efficiency of MicroLED production, an area that has traditionally been limited by the constraints of conventional mass transfer methods.
MicroLED is widely regarded as a next-generation display technology, offering improved brightness and efficiency compared with traditional display formats. However, adoption at scale has been held back by manufacturing complexity and cost. Pixel-Flo’s technology is intended to support more efficient production and help make MicroLED products more commercially viable across a wider range of applications.
Founded by Dr Rick Smith, Dr Suneal Ghataora and Simon Jones, the company builds on research developed at the University of Sheffield, combined with significant commercial experience in the display industry.
The new funding will support Pixel-Flo’s transition from laboratory development towards industrial scale-up, including further team growth, expansion into new lab and office space, and early customer engagement in key international markets.
Rick Smith, CEO and Co-founder of Pixel-Flo commented: "I would like to thank the Mishcon team for supporting us through the spin out process and helping us to close this milestone funding round. I look forward to continuing our great work with Attilio, Emma and the wider Mishcon team as we focus on expanding our team and demonstrating our unique technology to new international markets."
Attilio Leccisotti, Partner at Mishcon de Reya, commented: “We are delighted to have supported Rick and the team on this seed funding round. The potential of Pixel-Flo was clear from as early as our first meeting during the NG Studios venture building programme so it is great to see that this international investor syndicate has been able to provide meaningful backing at this early stage.”