# Vixar

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

- Industry: Semiconductors
- Headquarters: Plymouth, US
- Website: www.vixarinc.com
- Total disclosed funding: $2.5M
- Latest round: Series B (Apr 30, 2012)
- Investors on record: 3

## About

Vixar Inc. develops innovative laser solutions primarily for the healthcare and financial markets, enhancing operational efficiency and user engagement for businesses through advanced technology platforms.Founded in 2005 and headquartered in Plymouth, US, Vixar Inc. specializes in laser solutions. In May 2018, the company was acquired by OSRAM Licht AG. The CEO, Mary Hibbs-Brenner, has a history of leadership in technology firms. Vixar completed its latest funding round, Series B, in May 2018 led by Phoenix Venture Partners, raising a total of USD 2.50 mn, which is the total amount raised to date across 9 deals.Vixar Inc. offers a range of innovative laser solutions tailored to businesses in the healthcare and financial sectors. Their products enhance operational processes and user engagement, focusing on improving efficiency and reducing costs. The company serves a diverse clientele, including mid-sized enterprises and large corporations, operating in key markets across North America, Europe, and Asia, where demand for digital transformation is significant.Vixar's revenue model is primarily subscription-based, providing clients with scalable access to its technology solutions. The company fosters direct client relationships, ensuring personalized service and support while also utilizing distributor partnerships to expand market reach. This pricing strategy supports customer retention and revenue growth.Following its recent acquisition in May 2018 by OSRAM Licht AG, Vixar Inc. plans to leverage the new resources to develop and launch upcoming laser technologies aimed at enhancing their existing service offerings. The company is targeting expansion into European and Asian markets by 2025, utilizing the recent funding from its Series B round to support these initiatives.

## Funding rounds

- Series B, Apr 30, 2012, $2.5M — Phoenix Venture Partners
- Series A, Jan 31, 2008 — Rain Source Capital, Twin Cities Angels

## Investors

- Rain Source Capital (https://capitalatlas.ai/funds/rain-source-capital) — Series A
- Twin Cities Angels — Series A
- Phoenix Venture Partners — Series B