# OQmented

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

- Industry: Electronics
- Headquarters: Schleswig, Germany
- Website: www.oqmented.com
- Total disclosed funding: $29M
- Latest round: Series A (Feb 17, 2023)
- Investors on record: 8

## About

Based in Germany, OQmented GmbH is a deep-tech innovator specializing in MEMS-based laser beam scanning projection display systems, primarily focused on Augmented Reality (AR) applications.OQmented GmbH, headquartered in Schleswig, Germany, was founded in 2018 by Thomas von Wantoch and Ulrich Hofmann. The company develops advanced display systems for AR devices, leveraging unique MEMS technology to enhance user experiences. In February 2023, OQmented raised USD 20.00 mn in Series A funding led by Salvia, with participation from investors including DeepTech, Leblon, MBG Schleswig-Holstein, Sharp Devices Europe, and Vsquared Ventures, bringing the total amount raised to USD 20.00 mn and a current valuation of USD 200.25 mn.OQmented specializes in the development of ultra-compact MEMS-based laser beam scanning projection display systems, primarily designed for Augmented Reality (AR) devices. Their core product offerings integrate sophisticated MEMS mirrors with proprietary electronics and software to deliver high-performance, lightweight, and stylish all-day wearable AR glasses. These products are engineered to provide seamless interaction with technology, enhancing communication and user experiences. The company aims to address the increasing demand for efficient AR solutions across various sectors, including consumer electronics, automotive, and healthcare, with a specific focus on markets in North America, Europe, and Asia. Their technology enables end users to access features typically associated with smartphones directly through their glasses, thereby eliminating the need for additional devices.OQmented's revenue model is built on B2B transactions, focusing on partnerships with manufacturers of AR devices and equipment. The firm engages in direct sales and collaborations with clients in the consumer electronics industry, targeting businesses that require advanced 3D sensing solutions and projection technologies for their products. Revenue is generated through the sale of their MEMS-based laser scanning systems, which include flagship products that meet the performance requirements of corporate and consumer markets. The structure of transactions typically involves negotiated pricing agreements, enabling clients to incorporate OQmented’s technology into their offerings efficiently. The company’s solutions address the evolving needs of various industries, reinforcing their position as a key player in the AR technology landscape.Following the Series A funding round in February 2023, OQmented plans to leverage the USD 20.00 mn raised to establish their product laser beam scanning systems further, enhance their marketing approach, and support product commercialization. The company is actively developing new products designed to meet the demands of the AR market, with an eye toward expanding its reach in North America, Europe, and Asia. Specific geographic regions targeted for expansion include North America and parts of Asia, with initiatives expected to roll out by 2024.

## Funding rounds

- Series A, Feb 17, 2023, $20M — MBG Schleswig-Holstein, Leblon, DeepTech, Vsquared Ventures, Salvia, Sharp Devices Europe
- Seed, Nov 4, 2021, $9.2M — IT-Farm Corporation, Leblon, DeepTech, Vsquared Ventures, Salvia, Baltic Business Angels
- Seed, Mar 11, 2021 — Vsquared Ventures

## Investors

- Vsquared Ventures (https://capitalatlas.ai/funds/vsquared-ventures) — Seed, Series A
- IT-Farm Corporation (https://capitalatlas.ai/funds/it-farm-corporation) — Seed
- Leblon — Seed, Series A
- DeepTech — Seed, Series A
- Salvia (https://capitalatlas.ai/funds/salvia) — Seed, Series A
- Baltic Business Angels (https://capitalatlas.ai/funds/baltic-business-angels) — Seed
- MBG Schleswig-Holstein (https://capitalatlas.ai/funds/mbg-schleswig-holstein) — Series A
- Sharp Devices Europe — Series A