Optical lens digital printing co flo Optics raises $35m

Israeli digital printing optical lens firm flo Optics at present introduced the completion of a $35 million in Sequence A financing spherical. The spherical was led by main world strategic entities from the ophthalmic business, joined by present and new Israeli and worldwide shareholders. One of many key strategic buyers becoming a member of flo Optics with a minority funding is MEI Techniques, a world firm producing lens-edging machines and modern options for the business.

The financing shall be utilized by the corporate to hurry up growth, increase manufacturing capabilities and improve operations to satisfy rising demand, as flo Optics leverages its technological advances to determine a major presence within the world ophthalmic market.

Based in 2019, flo Optics goals to disrupt the optical business by digitalizing the lens coating course of. With a powerful background in inkjet know-how, flo Optics gives options for making use of coating layers to lenses utilizing additive manufacturing, with important benefits when it comes to precision, affordability, creativity, and sustainability. The corporate has some 60 staff at its places of work in Israel and Switzerland.

flo Optics chairman and CEO Jonathan Jaglom mentioned, “The funding comes as the corporate transitions from its growth part to its development part and can be certain that flo Optics has ample sources accessible for its product launch and preliminary buyer installations. It’ll additionally allow the corporate to drive innovation, set up world partnerships, and make a major contribution to advancing the optics sector worldwide.”

He added: “This funding spherical not solely validates the market potential of our know-how, but additionally aligns us with companions who share our imaginative and prescient for innovation and excellence. We’re grateful for the belief the buyers have positioned in us.”

The financing spherical was supported by regulation agency Naschitz Brandes Amir, led by managing associate Tal Eliasaf and affiliate Gili Aram.

Printed by Globes, Israel enterprise information – en.globes.co.il – on February 5, 2025.