# Varioptic

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

- Industry: Consumer Products
- Headquarters: Lyon, France
- Website: www.varioptic.com
- Total disclosed funding: $36M
- Latest round: Series C (Jun 14, 2006)
- Investors on record: 5

## About

Varioptic specializes in innovative adjustable lens solutions, utilizing electrowetting technology for applications in automotive, life sciences, and optical communications. Their products are designed for robustness and accuracy, catering to industrial clients worldwide.Founded in 2002 in Lyon, France, Varioptic develops adjustable lenses leveraging electrowetting technology. The company had a significant pivot in May 2011 when it was acquired by Parrot. Its primary focus remains on variable focus lens technology. Varioptic has established a global presence, serving clients across North America, Europe, and Asia. Dow Venture Capital led their most recent funding round, the Series C, in which they raised EUR 1.000 mn, bringing the total amount raised to EUR 1.000 mn.Corning® Varioptic® Lenses offers adjustable lens solutions based on electrowetting technology, enabling rapid focus changes without moving parts. Their product lineup includes the A-Series Variable Focus Lenses, A-PE-Series high integration lenses, and autofocus lens modules like the C-S, C-C, and C-T Series. These products are tailored for integration within systems across various sectors including automotive and optical communications, meeting the needs of manufacturers and technology developers.Corning® Varioptic® Lenses generates revenue through B2B sales to industrial clients and partnerships with semiconductor manufacturers for driver ICs. Their sales model emphasizes direct agreements for lens purchases and development kits. Key products such as the V-PE-80R0 liquid lens and various autofocus modules contribute significantly to their revenue structure, which is supported by long-term contracts and bulk sales.Varioptic plans to expand its product offerings by developing new lens products, although specific release dates are not detailed. The company is also targeting growth in new markets, focusing on expanding its reach within North America, Europe, and Asia. The recent funding from the Series C round will support these expansion initiatives, enhancing their capability to deliver innovative solutions to a broader client base.

## Funding rounds

- Series C, Jun 14, 2006, $1.3M — Dow Venture Capital
- Series C, Apr 25, 2006, $20M — Sofinnova Partners, PolyTechnos Venture-Partners, IRIS, XAnge
- Series B, May 27, 2004, $12M — Sofinnova Partners, PolyTechnos Venture-Partners
- Series A, Sep 19, 2003, $2.3M — Sofinnova Partners

## Investors

- Sofinnova Partners (https://capitalatlas.ai/funds/sofinnova-partners) — Series A, Series B, Series C
- PolyTechnos Venture-Partners (https://capitalatlas.ai/funds/polytechnos-venture-partners) — Series B, Series C
- IRIS (https://capitalatlas.ai/funds/iris) — Series C
- XAnge (https://capitalatlas.ai/funds/xange) — Series C
- Dow Venture Capital (https://capitalatlas.ai/funds/dow-venture-capital) — Series C