EnBW New Ventures and Bayern Kapital are investing together with Toprope Ventures and the existing investor Innogy Innovation Hub a total of 4 million euros in the Munich-based augmented reality startup Holo-Light. The startup plans to use the fresh capital to expand its sales structure and increase the scalability of its product.
Developed since 2015 Holo-Light Software for customers in industries such as mechanical engineering and the automotive industry. Using the augmented reality software Holo-View and the input device Holo-Stylus, engineers can design, create, edit, and optimize 3D content together with other participants. The Munich-based startup is now announcing a successful Series A round of €4 million. Holo-Light CEO and Co-Founder Florian Haspinger says:
"Together with our team of investors, we have created an excellent foundation for Holo-Light's continued growth. This enables us to expand our sales structure and increase the product's scalability. The investment underscores the trust our customers, partners, and investors have in our team and our technology."
AR software market ripe for industrial applications
The lead investor in the new financing round is EnBW New Ventures. Senior Investment Manager Marc Umber highlights the main reasons for investing in Holo-Light:
"We believe that the AR software market has reached the maturity level for industrial applications and see Holo-Light as the ideal combination of high-performance technology and a competent team. We have also been impressed by the positive feedback from customers and partners in the market."
Holo-Light was originally founded in Tyrol, but has since relocated its headquarters to Ismaning near Munich. From the perspective of George Ried, Managing Director of Bavaria Capital, a good decision:
“Holo-Light is an up-and-coming high-tech company that has chosen Bavaria as its location due to its ideal infrastructure, excellent networking opportunities, and global standing.”
The Innogy Innovation Hub already invested in March 2018 as part of the seed investment. Matthias Engel, Managing Director of Innogy Ventures GmbH explains:
"We see Holo-Light's augmented and mixed reality technology as an important building block on the path to digitizing production processes, as they occur in all industrial companies as well as energy suppliers. We are pleased to accompany Florian Haspinger and his team on their journey to continuously develop their business."