Leia Inc. Announces $125M Debt Financing from Aon

MENLO PARK, Calif.--(BUSINESS WIRE)--
Leia Inc., one of the leading nanotechnology companies providing a screen-based 3D experience without the need for AR/VR eyewear, today announced $125 million in growth credit financing from a fund managed by Aon Advantage Funds LLC, with support from services provided by Aon’s IP Solutions and insurance brokerage services.

As one of the world’s most recognized IP-focused analytics platforms and IP-backed capital providers, global professional services firm Aon leverages the expertise of its 190-person team, advanced AI and machine-learning technology, as well as proprietary capital, which seeks to provide low-dilution growth capital at scale to IP-rich businesses.

Aon’s IP-backed lending strategy helps companies to enhance the value of their IP portfolios, harnessing the power of an IP platform of almost 150 million global patents, mapped to more than 7,000 markets. Through strategic capital provided by a fund managed by Aon Advantage Funds LLC., Leia will further strengthen its IP portfolio via access to world-class IP expertise and significant growth capital.

“We are thrilled to have Aon as a long-term growth capital provider on our journey to democratize access to 3D, to build a new and better medium that changes the way people all over the world experience the digital universe,” said Cecilia Qvist, CEO of Leia Inc. “Aon’s support will allow us to execute on our vision and fuel Leia’s innovation and revenue growth as we continue to scale our footprint globally, and we thank Aon for its role as we continue to pursue our mission and efforts.”

“Matching capital and risk to transformative technology such as Leia’s is at the core of Aon Advantage Funds’ mission, and the broader business of Aon Growth Ventures as we help organizations make better, more-informed decisions,” said Matthew Farrar, Managing Partner and Head of Aon Advantage Funds, LLC. He continued, “Leia’s technology is a truly remarkable first-sight experience, and we are thrilled to help support this journey as Leia delivers this product to the broader multiverse, with Leia being the content-consumer experience at scale.”

“Innovation is the key to a growth economy, but intangible assets are the foundation,” added Lewis Lee, Chief Executive Officer for Aon’s Intellectual Property Solutions. “That is why we are bringing unique solutions to the market to help IP-rich companies like Leia leverage the value of their intellectual property. We are excited to be helping companies of all sizes and industries unlock the value of these assets so they can further pursue their growth ambitions with options that can help prevent diluting their ownership.”

Leia is the first company whose software and nanotechnology screen underlay makes 3D experiences instantly accessible to anyone on any device at scale — quickly and cost effectively, without any changes to other existing technologies, engineering or programming. For more information, please visit leiainc.com.

About Leia Inc.

Founded in 2014, Leia Inc. is the leading provider of Lightfield display hardware and content services for all screens, including mobile. Leveraging breakthroughs in nanotechnology design, manufacturing and Intelligent Software, the Silicon Valley company is building the future of digital interactions. Its core technology originated from years of R&D at HP Labs and makes any display beautifully immersive through unparalleled depth, look-around, and realistic light effects. Leia Inc.’s content platform LeiaLoft® empowers developers and content creators worldwide with the ability to easily create stunning Lightfield content for commercial and consumer use.

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business. Follow Aon on Twitter and LinkedIn. Stay up-to-date by visiting the Aon Newsroom and sign up for News Alerts here.

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Source: Leia Inc.