# Luxexcel Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/luxexcel-group

- Industry: Business Support Services
- Headquarters: Belgium
- Website: www.luxexcel.com
- Total disclosed funding: $23M
- Latest round: Series C (Sep 24, 2018)
- Investors on record: 7

## About

Luxexcel Group specializes in 3D-printed lenses, delivering customized vision solutions to both B2B clients and consumers. Their innovative technology addresses the demand for personalized eyewear, leading to tailored optical products.Founded in 2009 in Belgium, Luxexcel Group focuses on producing 3D-printed lenses for the optical industry. The company has undergone strategic developments to enhance its offerings and has successfully completed 6 deals, with the most recent funding round being a Series C in December 2022, raising USD 13.90 mn led by Innovation Industries. The founder, Richard van de Vrie, has a history of entrepreneurship in the tech sector.Luxexcel specializes in producing innovative 3D-printed lenses tailored to individual prescriptions, primarily for the eyewear market. Their offerings serve both B2B clients, including optical retailers and manufacturers, as well as direct consumers seeking personalized vision correction solutions, particularly in North America and Europe.Luxexcel generates revenue through B2B partnerships and direct consumer sales, using structured transactions with retailers for wholesale products and offering an online platform for custom lens orders. Their pricing accommodates bulk orders and individual purchases, reflecting the bespoke nature of their products. In 2023, the company reported an EBITDA of USD -16,126.6.Luxexcel plans to enhance its product line with new designs aimed at expanding their market presence by targeting new regions for growth. They are focused on increasing their reach in Europe and North America by the end of 2024. The recent funding from the Series C round will be utilized to accelerate these initiatives, following the acquisition by Meta in December 2022.

## Funding rounds

- Series C, Sep 24, 2018, $14M — SET Ventures, Munich Venture Partners, PMV, KLA-Tencor Corporation, Innovation Industries, etventure GmbH
- Series C, May 3, 2017, $9.3M — SET Ventures, Munich Venture Partners, PMV, KLA-Tencor Corporation
- Series A, May 31, 2013 — SET Ventures, Turnstone Capital

## Investors

- SET Ventures (https://capitalatlas.ai/funds/set-ventures) — Series A, Series C
- Turnstone Capital (https://capitalatlas.ai/funds/turnstone-capital) — Series A
- Munich Venture Partners (https://capitalatlas.ai/funds/munich-venture-partners) — Series C
- PMV (https://capitalatlas.ai/funds/pmv) — Series C
- KLA-Tencor Corporation — Series C
- Innovation Industries (https://capitalatlas.ai/funds/innovation-industries) — Series C
- etventure GmbH — Series C