The inventors of the revolutionary Printoptical Technology, a 3D printing process to prototype and manufacture lenses and optical products, has secured several million Euros from three Eurpoean investors.
A Euro is currently worth approximately $1.37.
Luxexcel announced that Munich Venture Partners, ChrysalixSET and Filsa Capital have committed funding to enhance the company's position in 3D printing lenses and optical components.
"We invested in Luxexcel because of their unique patented process to print optics," Munich Venture Partners Managing Partner Martin Kröner said. "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 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.
This gives a way for optics design professionals to have immense design freedom.
The ability to design prototypes, manufacture optical products and receive them back in just a few days should help product development significantly.
"This cash injection secures our growth and corporate development, increasing the capabilities that we offer to optical designers and LED lighting manufacturers," Luxexcel founder Richard van de Vrie said. "Our new partner, Munich Ventures Partners, is one of Germany's largest clean-tech investors with a very valuable network that will help us open 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."
Luxexcel's innovative and unique digital manufacturing technology recently received recognition as winner of both the Deloitte Fast-50 2013 Most-Disruptive-Technology Award and the Belgium/Dutch Accenture Innovation Award 2013.