Luxexcel Secures €7.5 Million Series B Funding, Mostly Aimed at Growing 3D Printing Technology Platform

Kruiningen, the Netherlands, July 17th – LUXEXCEL, the first company that is 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. The B-round was led by the Flemish investment company PMV, which included the firm’s existing investors, SET Ventures and Munich Venture Partners.

“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”. With these investments, Luxexcel will be able to accelerate the growth of its 3D printing technology platform and develop extensive 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 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.

Source: Luxexcel press release