LUXeXceL Group, the inventor of the proprietary Printoptical Technology, announced the completion of the A-round by a Dutch venture capital company Chrysalix SET and the U.S. based Turnstone Capital Management. The proceeds of this funding will be used to finance the
company’s growth, expand its R&D and sales operations and enhance its leadership position in the new digital way to design, prototype and manufacture optics on demand.
LUXeXceL manufactures Optical Solutions using their patented “Printoptical” 3D printing process, which does not require the use of molds, special tooling, nor post processing. This novel one step “CAD-to-Optic” process offers optics design professionals greater design freedom and rapid prototyping and offers manufacturers of luminary’s significant cost reductions and time savings.
LUXeXceL’s process allows for printing optically smooth structures and surfaces, which do not require any post-processing.
As the industry moves to digital new design options, more products concepts, enhanced configuration software, additional customizing sales activities and services come alive. Other benefits of digital manufacturing include little difference in overall costs between manufacturing 1 prototype, 100 samples or 10.000 pieces of an end product. In addition the capital-intensive pre-investments in inventory and warehousing are heavily reduced through the on demand availability. Next to that the profit impact of writing off obsolete tools and inventories will be reduced significantly.
LUXeXceL Group BV