European investors makes growth investment in 3D printing company LUXeXcel Group

LUXeXcel Group, which invented a type of 3D printing process to prototype and manufacture lenses and optical products, has received a growth investment of several million euros from European investors. The investors were Munich Venture Partners, Chrysalix SET and Filsa Capital.

Press Release

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.

“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.”

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/.

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