LUXEXCEL, the company that 3D printed functional lenses is to complete a €7.5 million series B funding. The first closure is done and the second closure will be finalized in 3 months. The Flemish investment company PMV led the B-round, with the firm’s existing investors, SET Ventures and Munich Venture Partners. Luxexcel will accelerate the growth of its 3D printing technology platform and develop extensive additional printing capabilities with these investments.
Roald Borré, PMV’s co-Head of Venture Capital says “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”.
Since the launch of the Printoptical Technology in 2010, Luxexcel has raised a total of €17.5 million in funding. The company has 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 within few days.