Israel-based printing technology developer Highcon raised $20m in funding on Wednesday from investors including Landa Ventures, the corporate venturing arm of nanotechnology and printer technology producer Landa Group.
Venture capital firm Jerusalem Venture Partners led the round, which included development services provider LR Group, equity crowdfunding platform OurCrowd and Go Capital.
Founded in 2009, Highcon provides digital technology that can automatically cut, etch and crease printed paper products, replacing traditional die-making and setup processes.
The funding will support international expansion and further development of the company’s digital finishing products. It has not revealed details of earlier funding, but Landa Ventures, LR Group, OurCrowd and Go Capital were all identified as exiting investors.
Aviv Ratzman, co-founder and chief executive of Highcon, said: “This latest investment round demonstrates that the printing industry is ready to reap the benefits of our disruptive technology.
“The global printing industry has been dominated by Israeli digital printing technology for decades. We are bringing that tradition to the next level.”
– Image courtesy of Highcon Systems Ltd.