# Dispelix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dispelix

- Industry: Consumer Products
- Headquarters: Espoo, Finland
- Website: www.dispelix.com
- Total disclosed funding: $46M
- Latest round: Series B (Nov 8, 2021)
- Investors on record: 7

## About

Dispelix Oy develops advanced augmented reality display technology through transparent waveguides, enabling seamless integration of virtual elements into real-world environments for enhanced user experiences.Founded in 2015 in Espoo, Finland, Dispelix Oy specializes in augmented reality solutions with a focus on innovative waveguide technologies. The company has undergone significant developments, raising EUR 28.4 million in Series B funding in November 2021, led by Atlantic Bridge and including various other investors. The current CEO is Antti Sunnari, who plays a crucial role in driving the company's strategic initiatives. Dispelix has completed four funding rounds, with its most recent deal aimed at enhancing its capacity to cater to more OEM customers.Dispelix specializes in augmented reality (AR) display technology, primarily through its transparent waveguides, which act as see-through displays in AR devices. These products blend real and virtual environments within the user’s field of vision, targeting industry leaders in AR that require custom-engineered solutions. Their technology is utilized globally, spanning North America, Europe, and parts of Asia, addressing a broad spectrum of needs in the AR landscape.For the most recent year, Dispelix reported a revenue of EUR 12,359,440.20 and an EBITDA of EUR -7,680,067. The company's revenue model is largely built around B2B partnerships within the AR industry, where they engage in custom engineering projects to meet specific client requirements.Dispelix Oy intends to leverage its recent Series B funding of EUR 28.4 million, raised in November 2021, to enhance its capabilities in serving a broader range of OEM customers. The company is focusing on designing and launching new products to strengthen its market position and aims to expand into additional geographic regions, particularly in Asia and North America, by 2024.

## Funding rounds

- Series B, Nov 8, 2021, $33M — Atlantic Bridge, Finnish Industry Investment, Lifeline Ventures, 3M Ventures, VTT Ventures, Flashpoint, CCB Trust
- Series A, Nov 2, 2018, $14M — Finnish Industry Investment, Lifeline Ventures, 3M Ventures, VTT Ventures

## Investors

- Finnish Industry Investment — Series A, Series B
- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Series A, Series B
- 3M Ventures (https://capitalatlas.ai/funds/3m-ventures) — Series A, Series B
- VTT Ventures — Series A, Series B
- Atlantic Bridge (https://capitalatlas.ai/funds/atlantic-bridge) — Series B
- Flashpoint (https://capitalatlas.ai/funds/flashpoint) — Series B
- CCB Trust — Series B