LuxexceL Group, a Netherlands-based provider of prototyping and manufacturing services using a 3D printing process, has completed its A-series funding with investment from Chrysalix Set, manager of venture capital funds backed by Netherlands-based corporates Delta and Essent, and from US-based Turnstone Capital Management.
The proceeds of the funding will be used to finance the company’s growth, expand its R&D and sales operations, and enhance its leadership position.
Wouter Jonk, managing partner of Chrysalix Set, said. “Luxexcel is a Company with unique patented additive manufacturing technologies. The printing of optics means that the energy saving LED industry can design and develop new products faster and cheaper.”
Marc La Magna, managing partner of Turnstone Capital Management, said: “We are proud to be the first investment firm that recognized the disruptive potential of Luxexcel’s printoptical process and we are excited to help the company accelerate its corporate development.”