Netherland-based company Luxexcel, specialised in 3D printing functional lenses, has just announced a series B funding in the amount of € 7.5 Million.
With the fist closure done and the second one to be finalised in 3 months’ time, the funding round was led by the Flemish investment company PMV and includes their existing investors SET Ventures and Munich Venture Partners.
Using these investments, Luxexcel aims to speed up growth of its 3D printing technology platform along with the development of extensive additional printing capabilities.
“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”.
Roald Borré, PMV’s co-Head of Venture Capital, stated: “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”.
Luxexcel has raised a total of € 17.5 Million in funding since the launch of their Printoptical Technology in 2010.