Dutch and US investors support R&D and sales ramp at Luxexcel.
Luxexcel Group, a start-up company based in The Netherlands, has attracted an initial round of venture investment in support of its “on-demand” optics manufacturing technology.
Dubbed “printoptical”, the approach is said to allow single-step “CAD-to-optic” inkjet printing of smooth structures and surfaces with no need for post-processing. So far, the company has focused mainly on applications in LED lighting optics, although it is looking to expand beyond that niche.
Chrysalix SET, also in The Netherlands, and US-based Turnstone Capital Management took part in the series A round, providing "between €3 million and €5 million" to back an expansion of the firm's research and development and sales operations.
Richard van de Vrie, the founder and chairman of Luxexcel, said: "With this funding [we] can accelerate the development of our manufacturing process, printing capabilities and business development. It is important for our company’s growth objectives to have the additional expertise and experience on board, helping us to open new doors on both continents.”