New Venture Funding for LUXeXceL
LUXeXceL Group today announces that the European investors Munich Venture Partners, ChrysalixSET and Filsa Capital have closed a growth financing round in the Company. Munich Venture Partners, ChrysalixSET and Filsa Capital will invest several million Euros into LUXeXceL. With these investments LUXeXceL will further its position in the Additive Manufacturing of lenses and optical components.
The patented “Printoptical” 3D printing process is a unique digital technology able to print functional optics. As this one step “CAD-to-Optic” process allows for printing optically smooth structures and surfaces, the printed product does not require post processing. In this way optics design professionals receive a great design freedom. The ability to design prototypes, manufacture optical products and receive those back in just a few days will help product development significantly and there is not much difference anymore between manufacturing 1 prototype, 100 samples or 10,000 pieces of an end-product. Hence cost reductions and time savings are the key value drivers for LUXeXceL starting in the LED industry.
Recently LUXeXceL’s innovative and unique digital manufacturing technology received recognition as winner of both the Deloitte Fast-50 2013 Most-Disruptive-Technology Award and the Belgium/Dutch Accenture Innovation Award 2013.
“We are excited to announce this completion,” said Richard van de Vrie, Founder and Chairman of LUXeXceL. “This cash injection secures our growth and corporate development, increasing the capabilities that we offer to optical designers and LED lighting manufacturers. Our new partner Munich Ventures Partner is one of Germany’s largest Clean-Tech Investors with a very valuable network that will help us opening new doors. I am pleased that Filsa Capital is investing in the company and making its management experience available. The additional capital injection of Chrysalix SET enables us to execute our business plan properly”.
Martin Kröner, Managing Partner of Munich Venture Partners: “We invested in LUXeXceL because of their unique patented process to print Optics. We believe that their Printoptical Technology will change the way optics are designed, produced, and digitally stored across many different market segments. Although the company is focused on the LED Lighting market, as the capabilities rapidly improve we expect LUXeXceL to address similar opportunities in other optical markets. Our team is looking forward to help LUXeXceL to accelerate the digitization of optics manufacturing.
The Managing Partner of Chrysalix SET, Wouter Jonk: “We were the first venture capital investor to take a position in LUXeXceL based on our conviction that LUXeXceL will become a global key player in the field of optics and will accelerate the growth of the LED lighting Industry.”
Ton Tuijten owner of the Dutch Investor Filsa Capital concluded: “I am happy to join the investment of Munich Venture Partners and ChrysalixSET in LUXeXceL and to help the company developing in a fast, efficient and professional way”.