Market leader 3D Printing of Optics steps into Next Phase of Corporate Development and Growth

Kruiningen, the Netherlands, July 15th –

LUXEXCEL, the only company in the world 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. LUXeXceL just raised €7.5 million in funds and commitments. The B-round led by the Flemish investment company PMV, which included the firms existing investors -  SET Ventures and Munich Venture Partners. 

“We are 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 can accelerate its growth even further and develop 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 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 enabling optical designer to use a new fast route to design, prototype, test, iterate and manufacturing custom optical components in days.  

About LUXeXceL

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 non-imaging 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.

About PMV

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 from the Netherlands 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.

 

About Munich Venture Partners 

MVP is the clean tech venture capital specialist based in Munich, Germany. As an independent venture capital organization we have set ourselves a strong goal: To assist today’s innovators to become tomorrow’s market leaders. 

Munich Venture Partners concentrates on venture capital for high-tech start-up companies with growth-oriented and profit-generating projects. Our commitment focuses on Europe and on selected international investments. MVP is one of Germany's largest clean tech venture capital specialists.