Microoled Secures €21M to Disrupt Augmented Reality Market
Jolt Capital Led Investment Round, Joined by Ventech, Cipio Partners, and Bpifrance
Funding Round Info:
Microoled has announced a fundraising round of €21 million. The leading investor in this round is Jolt Capital, a specialist in responsible deep tech companies, along with investment from Bpifrance, the French sovereign wealth fund. Additionally, Ventech and Cipio Partners, who previously invested in Microoled's €8 million Series A funding round in 2020, also participated in this investment. The funds will be used to support the development of Microoled’s upcoming product range and expand its manufacturing capacity, enabling them to capitalize on the fast-growing field of augmented reality (AR).
About Microoled:
Microoled is a company that focuses on the development, manufacturing, and promotion of OLED microdisplays designed for various near-eye applications. These applications include outdoor optical equipment, night vision glasses, medical device ocular equipment, augmented reality glasses, and more. With a wide range of offerings, the French company serves both consumer and recreational markets. Their notable product, the ActiveLook head-up display module, delivers real-time visual information to enable hands-free engagement in various activities.
About Jolt Capital:
Jolt Capital SAS is a private equity firm that specializes in financing technology companies during their developmental phases. Jolt Capital's primary objective is to generate profitable returns for its investors by providing support to technology-driven companies with strong foundational elements, enabling them to effectively implement their growth strategies. The firm primarily directs its investments toward sectors that present promising opportunities for successful exits, focusing on both Hardware-Driven solutions and Software-Driven Solutions. These sectors encompass a wide range of areas, including but not limited to Mobility, Cloud, Sensors, AI, Big Data, Robotics, Cybersecurity, Semiconductors, advanced materials, energy management, and Digital Health.
About Ventech:
Ventech is a venture capital firm that focuses on making early-stage investments in startup companies. They have a broad investment scope, allowing them to invest in both business-to-business (B2B) and business-to-consumer (B2C) companies. They also invest in a wide range of industries and sectors, adopting an industry-agnostic approach. Ventech Europe primarily invests in startups located in Europe. They have local bases in France, Germany, and the Nordics. Ventech China focuses on investing in startups in China and Southeast Asia. They have home bases in Hong Kong and Shanghai.
About Cipio Partners:
Cipio Partners has a track record of supporting technology companies in Europe during their growth stage for the past 20 years. They offer growth capital and minority buyout solutions to companies that have surpassed the venture stage and require a reliable partner to guide them towards a successful exit. In addition to providing capital, Cipio Partners brings extensive expertise in structuring intricate transactions, including facilitating liquidity for passive shareholders and assisting in creating exit opportunities such as attracting financial and strategic buyers or pursuing public listings. They are particularly interested in software, technology-enabled B2B products and services, components, and consumer internet sectors.
About Bpifrance:
BpiFrance is a French public sector investment bank. Ownership of Bpifrance is evenly split between the French State and the Caisse des Dépôts et Consignations (the "CDC). Bpifrance finances businesses from the seed phase to transfer to stock exchange listing, through loans, guarantees and equity. Bpifrance operates in alignment with government-led public policies at the state and regional levels, aiming to achieve three main objectives: Foster economic development within the regions, contribute to the revitalization of industries in France, and cultivate and support the emergence of future champion companies.