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SiOPTICA Closes Financing Round Of Nearly 2 Million EUR

siOPTICA closes financing round of nearly 2 million EUR

  • 2020

siOP­TICA, a lead­ing sup­plier for switch­able pri­vacy fil­ter tech­nol­ogy with many appli­ca­tions in auto­mo­tive pas­sen­gers dis­plays, lap­tops, tablets, mobile phones, and pay­ment ter­mi­nals secured a new financ­ing round of close to 2 mil­lion euros from its cur­rent investors.

Switch­able pri­vacy screens pro­tect dis­played infor­ma­tion from neigh­bour­ing views with­out the need to carry and apply an extra pri­vacy foil. The screen pri­vacy modus can be switched on or off by a sin­gle key stroke.

Based on the unri­valled per­for­mance of siOPTICA’s pri­vacy tech­nol­ogy, a grow­ing appli­ca­tion field and increased cus­tomer inter­est, the cur­rent investors decided to increase their invest­ment in the com­pany. The investors include the lead investor bm|t (beteili­gungs­man­age­ment thürin­gen gmbh), Antwerp-based and tech­nol­ogy-focused Capital‑E as well as well-known busi­ness angels, such as for exam­ple Revotech GmbH & Co. KG.

The new invest­ment will mainly be used to drive fur­ther indus­tri­al­i­sa­tion and high-vol­ume man­u­fac­tur­ing of the exist­ing prod­ucts. siOP­TICA will strengthen its prod­uct offer­ing for the lap­top and tablet com­put­ing busi­ness. The com­pany will also use the new funds to fur­ther strengthen its mar­ket­ing and sales activ­i­ties. Last but not least, new pri­vacy tech­nolo­gies will be researched and devel­oped allow­ing inte­gra­tion with new and upcom­ing dis­play technologies.

We strongly believe in siOPTICA’s pri­vacy fil­ters and the team’s capa­bil­ity to bring this tech­nol­ogy to the mar­ket suc­cess­fully,” under­lined Kevin Reeder, CEO of bm|t.

The siOP­TICA tech­nol­ogy is the best per­form­ing pri­vacy screen tech­nol­ogy cur­rently offered on the mar­ket as proven by grow­ing cus­tomer inter­est for a wide range of appli­ca­tions,” stated Dr Lou Her­mans, Invest­ment Part­ner at Capital‑E Partners.

 About siOP­TICA:

siOP­TICA GmbH was founded in 2013 in Jena/Germany with the goal to estab­lish inno­v­a­tive and spe­cial solu­tions in the mar­ket, pri­mar­ily in the field of optics. The com­pany offers tech­nolo­gies in the field of pri­vacy fil­ters that can screen data from unau­tho­rized views, whereas the company’s prod­ucts do not suf­fer from the state-of-the-art bright­ness loss and fur­ther­more they offer dif­fer­ent modes of oper­a­tion. siOPTICA’s solu­tions offer great advan­tages in the fields of auto­mo­tive, retail/ pay­ment ter­mi­nals, logistics/secure access, data secu­rity as well as con­sumer electronics.

siOP­TICA is a mem­ber of SID and DFF (Ger­man flat panel Asso­ci­a­tion) as well as in the pho­ton­ics net­work “Optonet e.V.“.

More infor­ma­tion about siOP­TICA can be found under http://www.sioptica.com

About bm|t

Erfurt-based bm|t is a sub­sidiary of the Thüringer Auf­baubank and the lead­ing address for equity invest­ments in Thürin­gen, Ger­many. bm|t cur­rently man­ages ten funds with a total vol­ume of around EUR 440 mil­lion, which invest in inno­v­a­tive com­pa­nies across almost all sec­tors and in all phases of com­pany development.

Fur­ther infor­ma­tion about bm|t is avail­able at: www.bm‑t.com

About Capital‑E

Capital‑E focusses on early-stage invest­ments in the area of micro/­nano-elec­tron­ics and new mate­ri­als. Typ­i­cally, the fund invests in com­pa­nies in the pro­to­typ­ing phase or real­is­ing a turnover of 1 M€. Capital‑E invests mainly in West­ern Europe. The team of Capital‑E plays an active role as part­ner and often as board mem­ber from the moment of first invest­ment until the exit.

More infor­ma­tion about Capital‑E can be found at www.capital‑e.com.

Press con­tact:

M.A. Manuela Fischer

Tel.: +49 172 7986044

 

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