Envisics secures £39.8m Series C funding from M&G Investments and Van Tuyl Companies
The funding round was backed by M&G Investments and Van Tuyl Companies to accelerate product development and international expansion.
Envisics is a deep technology company and global leader in dynamic holographic technology delivering advanced product solutions to automakers.
Envisics has secured £39.8m in a Series C funding round led by M&G Investments and Van Tuyl Companies. The capital injection will be deployed to accelerate product development and support international expansion across the business. The latest financing follows an initial phase earlier in the year that brought in strategic backing from major industry players.
The Milton Keynes based business specialises in holographic technology for augmented reality head-up displays in vehicles. It continues to attract high profile backers from the automotive sector and institutional investment firms as demand grows for advanced in-car display systems.
From the founder
"To have such a strong close to our Series C strategic funding round is a testament to the momentum built by Dr. Christmas and the team at Envisics. We were an early investor in Envisics, and we welcome the very impressive roster of returning and new investors in this round."
Mitchell Caplan
Chairman of Envisics Inc. at Envisics
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
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About the company
Envisics
Envisics develops dynamic holographic technology for automotive augmented reality displays.