Market Leader 3D Printed Optics Enters Next Phase of Technology Development and Application
Luxexcel, the first company that is able to 3D print functional lenses, announced a €7.5 million series B-Round Venture Funding. The first closure is done and the second closure will be finalized in the next 90 days. The B-round was led by the Flemish investment company PMV, which included the firm’s existing investors, SET Ventures and Munich Venture Partners.
Luxexcel is pleased to announce the completion of this B-round funding. The technology and worldwide unique 3D printing service will offer new capabilities and novel optical solutions 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.
Enhanced 3D 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”.
Digitally Printed Optics Online Available
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.