Venture Capital

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UDC Ventures

UDC Ventures invests in and partners with entrepreneurs, start-ups, and emerging companies. It focuses on technology platforms with strong proprietary...

UDC Ventures logo

UDC Ventures

UDC Ventures invests in and partners with entrepreneurs, start-ups, and emerging companies. It focuses on technology platforms with strong proprietary positions and growth potential. The firm has made six investments, including a Series D investment in Mythic on December 17, 2025.

General information

Firm type

Venture Capital

Year founded

2019

Location

Region

North America

Country

United States

City

New York

Corporate office

156 West 56th Street, Suite 1103, New York, NY 10019, United States

Additional offices

Ewing, NJ, United States

Principals

Sherwin I. Seligsohn

Founder

Michael Hack

VP, Business Development

Sector focus

Industrial TechAI/MLMobility & TransportationEnterprise SoftwareHardware

Frequently asked questions

What is UDC Ventures's relationship to Universal Display Corporation?

UDC Ventures is the wholly owned corporate venture capital subsidiary of Universal Display Corporation, the publicly traded inventor and licensor of foundational phosphorescent OLED technologies. It acts as a strategic investment arm making equity commitments in startups developing optics, display hardware, and advanced materials that align with or expand Universal Display Corporation's core franchise. Investment decisions are made from UDC Ventures's New York office, with technical support drawn from Universal Display Corporation's R&D facilities in Ewing, New Jersey.

Who are the typical co-investors alongside UDC Ventures?

UDC Ventures consistently co-invests with a narrow set of corporate venture arms that share strategic interest in the display and consumer-electronics supply chain. Samsung Venture Investment and LG Technology Ventures are the most frequent syndicate partners, a pattern driven by Universal Display Corporation's long-standing commercial relationships with Samsung Display and LG Display as OLED patent licensees. Lockheed Martin has also appeared as a co-investor, particularly in deals touching augmented-reality optics and defense-adjacent display applications.

Is the underlying capital from Universal Display Corporation's balance sheet or an external fund?

UDC Ventures invests directly from Universal Display Corporation's corporate balance sheet rather than raising third-party limited-partner capital. This structure gives the firm indefinite holding periods and removes fundraising-cycle pressure, but it also means investment pace and portfolio construction are ultimately governed by the parent company's board and cash-generation profile, which is predominantly driven by OLED materials sales and patent-licensing royalties.

How is UDC Ventures connected to the late Sherwin Seligsohn's broader legacy?

Sherwin I. Seligsohn founded Universal Display Corporation and drove the early patent strategy that established OLED phosphorescent materials as a dominant display technology. UDC Ventures carries forward that technology-vision mandate by identifying and funding the next wave of optics and display startups. Philanthropic activities tied to Seligsohn's legacy are housed separately in The Seligsohn Foundation, distinct from UDC Ventures's investment operations.

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