LUXEXCEL, the first company that is able to 3D print functional lenses, announced a €7.5 million series B funding. The first closure is done and the second closure will be finalized in 3 months’ time. The B-round was led by the Flemish investment company PMV, which included the firm’s existing investors, SET Ventures and Munich Venture Partners.
“We are very pleased to announce the completion of this B-round.” said CEO Eric Tierie. “The strong partners in this funding round share the vision that our technology and worldwide unique 3D printing service will offer new opportunities and novel optical products to many different markets”. With these investments, Luxexcel will be able to accelerate the growth of its 3D printing technology platform and develop extensive additional printing capabilities.
Roald Borré, PMV’s co-Head of Venture Capital, stated “We’re excited to have the opportunity to invest in Luxexcel. We join Set Ventures and Munich Venture Partners in supporting this company with its innovative and unique 3D Printing capabilities. We’re convinced that the company will change the way optics are designed, produced, and digitally stored across many different market segments. Our team is looking forward to help Luxexcel to accelerate the digitization of optics manufacturing”.
Richard van de Vrie, President and founder of Luxexcel is excited about PMV joining Luxexcel. “This strong investor was already successful in developing companies the 3D printing space. It is a great asset to have them on board. I am sure that with these investments Luxexcel will enhance its global leadership position in the Additive Manufacturing of lenses and optical components”.
Since the launch of the Printoptical Technology in 2010, Luxexcel has raised a total of € 17.5 million in funding. The company has grown to a team of 25 employees and recently started to build an online ordering platform to provide worldwide accessibility of its service, providing optical designers with a rapid path to lens design, prototyping, testing, refinement and manufacturing of custom optical components in a matter of days.
Luxexcel is headquartered in the Netherlands and offers a 3D printing service for products that demand the highest standard in transparency and smoothness. The company is the only company in the world able to Additive Manufacture lenses, directly out of the printer, without visible layering and post-processing. Luxexcel, has identified and is effectively eliminating the massive inefficiencies that are present in the lens manufacturing and development processes! Momentarily Luxexcel’s scalable technology, has a main focus on optical components for architectural lighting, automotive, aerospace, photonics and medical industries but with the fast increasing printing capabilities, many more markets and products will become able to benefit from Luxexcel’s Printoptical Technology. (www.luxexcel.com)
PMV NV is a Flemish investment company. It finances promising entrepreneurs from the very start through the growth to the internationalization of their business, and also invests in large infrastructure projects. It focuses on the sustainable economic development of Flanders, with demonstrable added value for both economy and society. (www.pmv.eu)
About SET Ventures
SET Ventures (www.setventures.com) manages venture capital funds to provide global strategic and financial investors an opportunity to participate in the European technology sector that impacts the future of energy. Digital innovation is enabling the energy sector to fundamentally change the way we source, produce, distribute, store, use and manage energy. Addressing these most pressing challenges related to the future of energy creates opportunities for innovators to reach new global markets and opportunities for SET to invest in start-up companies offering ‘smart digital energy solutions’.
Munich Venture Partners
Munich Venture Partners is a Venture Capital firm. The company is managed by senior managers from the high technology and energy industry, and experienced Venture Capital professionals. As the prime partner of the Fraunhofer-Gesellschaft, one of the world’s leading research organizations for applied research, Munich Venture Partners is investing into selected high-tech startups in the environmental technology and energy sector. http://www.munichvp.com