Welcome!

News Feed Item

LUXeXceL Group to Raise Growth Capital of International Venture Capital Funds

LUXeXceL Group, the inventor of the revolutionary “Printoptical Technology” – a 3D printing process to prototype and manufacture lenses and optical products – announces that the European investors Munich Venture Partners, Chrysalix SET and Filsa Capital closed a growth financing round in the company. These partners will invest several million Euros into LUXeXceL. With these investments LUXeXceL enhances its global leadership position in the additive manufacturing of lenses and optical components.

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. In this way optics design professionals receive design freedom. The ability to design prototypes, manufacture optical products and receive those back in just a few days will help product development significantly. There is not much difference any more between manufacturing one prototype, 100 samples or 10,000 pieces of an end product. Hence, cost reductions and time savings are the key value drivers for LUXeXceL starting in the LED industry.

Recently LUXeXceL’s innovative and unique digital manufacturing technology received recognition as winner of both the Deloitte Fast 50 2013 Most-Disruptive-Technology Award and the Belgium/Dutch Accenture Innovation Award 2013.

"We are excited to announce this completion," said Richard van de Vrie, founder and chairman of LUXeXceL. "This cash injection secures our growth and corporate development, increasing the capabilities that we offer to optical designers and LED lighting manufacturers. Our new partner Munich Venture 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.”

Martin Kröner, managing partner of Munich Venture Partners: “We invested in LUXeXceL because of their unique patented process to print optics. 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 helping LUXeXceL to accelerate the digitization of optics manufacturing.”

Managing Partner of Chrysalix SET Wouter Jonk: “We were the first venture capital investor to take a position in LUXeXceL based on our conviction that LUXeXceL will become a global key player in the field of optics and will accelerate the growth of the LED lighting Industry.”

Ton Tuijten, owner of the Dutch investor Filsa Capital, concluded: “I am happy to join the investment of Munich Venture Partners and Chrysalix SET in LUXeXceL and to help the company develop in a fast, efficient and professional way.”

About Munich Venture Partners

Munich Venture Partners is a venture capital firm. The company is managed by senior managers from the high technology and energy industry, and experienced venture capital professionals. As the prime partner of the Fraunhofer-Gesellschaft, one of the world’s leading research organizations for applied research, Munich Venture Partners is investing into selected high-tech startups in the environmental technology and energy sector.

http://www.munichvp.com

About Chrysalix SET

Chrysalix SET is the Amsterdam-based management company of SET Fund I and SET Fund II. These independent venture capital funds focus on and invest in European-based early growth stage technology companies that offer a unique solution impacting the energy sector going forward. These target companies offer a technology, product or service, and/or enjoy a competitive market position with a high upside potential, while impacting the way energy is generated, distributed (including stored) or used (efficiency) . Chrysalix SET’s current investments include, among others, AlertMe Ltd, General Fusion Ltd, MicroShade A/S, NGenTec Ltd, EnOcean GmbH and Sefaira Ltd.

http://www.chrysalixset.com/

About Filsa Capital BV

Filsa Capital invests selectively in young, innovative and fast-growing companies in the cleantech, telecommunications, Internet and IT sectors.

Filsa provides capital for growth to companies with management that can deliver and offers “on an if-needed basis” operational support to these companies so that they can realize their potential nationally and internationally.

Filsa Capital uses its network of informal investors and venture partners to achieve its objectives.

http://www.filsa.com

About LUXeXceL Group BV

LUXeXceL Group BV, is the exclusive provider of optics rapid prototyping and manufacturing services using its patented Printoptical Technology. LUXeXceL is headquartered in Goes, Netherlands.

An additional corporate movie is available at: http://www.luxexcel.com/company/corporate-movie/.

http://www.luxexcel.com

LUXeXceL’ and ‘Printoptical’ are registered trademarks or trademarks of LUXeXceL Group BV.

© Copyright 2014 - LUXeXceL Group B.V. All rights reserved.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, will discuss using predictive analytics to ...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
CIOs and those charged with running IT Operations are challenged to deliver secure, audited, and reliable compute environments for the applications and data for the business. Behind the scenes these tasks are often accomplished by following onerous time-consuming processes and often the management of these environments and processes will be outsourced to multiple IT service providers. In addition, the division of work is often siloed into traditional "towers" that are not well integrated for cro...
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...