Innovation Industries increases its stake in Luxexcel; new CEO appointed
24 Sep 2018

Eindhoven (The Netherlands) – September 24th, 2018 – Luxexcel, the pioneer in 3D printing of ophthalmic lenses, announced today the appointment of Fabio Esposito as Chief Executive Officer to lead the company in its next growth phase.

Fabio brings to the company a strong track record of transforming businesses from technology innovators to established players. Throughout his career, he successfully led the introduction of disruptive technologies to the market including Optical Systems and 3D Printing.

Hans Streng, outgoing CEO Luxexcel: “After several years at the helm of Luxexcel, I am ready to enjoy more time with my family. I am proud to have been able to bring Luxexcel together with the management team and our dedicated employees to this level. With Fabio, I am convinced we have found the perfect CEO to lead Luxexcel through the next phase”.

Fabio Esposito, CEO Luxexcel: “I am excited to join the Luxexcel team in this pivotal phase of the company’s growth. Building on the success achieved under Hans’ leadership, the focus will now be ramping up commercialization and product development. We will continue to capitalize on the introduction of the VisionPlatform™ as well as expanding the team to grow Luxexcel to the next stage.”

Alongside the appointment of the new CEO, Luxexcel announced today that it has raised $13.9 million (€12 million) C-round funding led by Innovation Industries with the participation of its other existing investors. This funding allows Luxexcel to accelerate its growth while expanding towards the new world of smart prescription glasses.

Participating in this equity round are Innovation Industries (the Netherlands), SET Ventures (the Netherlands), Munich Venture Partners (Germany), PMV regional investment fund (Belgium) and KLA-Tencor Corporation (United States of America).

Nard Sintenie, Partner at Innovation industries: “We are impressed by both the progress Luxexcel has been making in developing this great technology as well as the traction the products are getting in the eyewear market. With the new CEO and this funding, Luxexcel will scale her business and the installed base of the VisionPlatform™.”

With the strengthening of its management team, the support of its strong investor base and the scale-up of the business an exciting new phase for the company has started.

 



About Luxexcel

Luxexcel is the only company in the world with technology that can 3D print custom lenses. The company started in 2009 and has optimized its 3D printing technology for the ophthalmic market. Key benefits of the technology are the ability to create perfectly customized ophthalmic products and provide prescription to smart glasses all while eliminating operational inefficiencies. The revolutionary VisionPlatform™ is currently showcased at two ophthalmic labs in the US.

Press Contact Luxexcel
Eva Flipse
Marketing Communications Manager
eva.flipse@luxexcel.com
+32 14 49 02 96
+316 13 59 81 29