Light Blue Optics, a UK-based company developing holographic light projectors (HLP), has raised $13m in its series B round that includes trade peer Christie Digital Systems Canada as an investor. In an email, Christie said: “From time to time, Christie makes acquisitions that help strengthen its core business. At this point, Christie has no plans for further acquisitions.”
Christie, a global maker of projection equipment, was joined as a new investor in Light Blue by WhiteGold Fund Management, a UK-based fund management firm in collaboration with Russian peer SiTek-Invest. The other members of the consortium were Robert Bosch Venture Capital, the corporate venturing division of German industrial conglomerate Bosch, and venture capital firms DFJ Esprit, Earlybird Venture Capital, Capital-E and the UK’s National Endowment for Science Technology & the Arts.
Bob Rushby, chief technology officer at Christie, said: "Christie was among the first to recognise the unique benefits of HLP technology and the vast market opportunity it represents. We have been engaged with Light Blue Optics for some five years now and are delighted to become investors at this exciting time as this opens up entirely new opportunities for electronic displays."
Light Blue launched in 2004 and previously raised $44.5m (see case study).