PaidContent.org reports on the £100m venture funding received by ePaper start up Plastic Logic. The money is to be used to build a factory in Germany.

The company plans to improve the quality of its plastic displays from 150 pixels-per-inch, 16-shade greyscale in 2008 to 20 dots-per-inch, 4,096-color screens in 2010 and full video ability by 2012, says IDG.

Some blue chip investors are involved in the deal, including Intel, Bank of America and BASF.