LiDAR-Tech field of view expands Series A financing to USD 31 million.
Munich, Germany — Blickfeld, a Munich-based provider of LiDAR sensor technology and perception software, announced the expansion of its Series A financing to $31 million. New Future Capital (NFC), a private equity firm that provides growth capital primarily in Asia, North America and Europe, was won as a new investor. In addition, all existing investors participated in the round, including Bayern Kapital, Continental, Fluxunit — ams OSRAM Ventures, High-Tech Gründerfonds, Tengelmann Ventures and UVC Partners.
New investment supports the development of new products for autonomous driving and numerous industrial applications and the internationalization of the business. The financing expansion comes at a time when Blickfeld is growing significantly and expanding into new markets. The company plans to continue developing sensors and software that will further advance the reliable acquisition and use of 3D data.
Founded by Dr. Mathias Müller, Dr. sc. Florian Petit and Rolf Wojtech in 2017, Blickfeld develops and produces LiDAR sensors and perception software. The solutions provide high-resolution three-dimensional environmental information and enable numerous applications ranging from autonomous transportation and mobility to smart cities, industrial applications and security applications.
Since the last funding, Blickfeld has made significant progress in bringing products to market, including the volume launch of the versatile Cube 1 and Cube Range 1 3D LiDAR sensors for numerous industrial applications. In addition, the company has rolled out several large-scale deployment projects, such as passenger flow capture and analysis at airports and bulk material volume measurement in product warehouses.
In addition to the company’s current distribution partners in 13 countries, including Germany, Canada, China and Japan, the new round of funding will support the opening of offices in the U.S. and Asia, furthering Blickfeld’s international presence. The new offices will serve to expand an integrator network to make products available faster and in greater quantities for applications worldwide and to serve growing demand in the key markets of the U.S. and Asia. In addition to growth in new markets, the number of employees will also increase significantly, with a focus on the sales team.
In early 2022, Blickfeld will expand its product portfolio to include new perception software with features such as object recognition, classification, tracking and counting. Application areas include industrial, smart traffic, security, drones and crowd analytics. The latter represents a major opportunity for the global application of field-of-view technology, providing important data on congestion, crowding, waiting times, and more — all while maintaining privacy.
“The additional funding in this investment round confirms investors’ continued confidence in our vision to capture and analyze the world with a comprehensive solution. We are proud that our products are now used by companies and organizations all over the world! The strong network of our new investor NFC in Asia and the US will be of great value for Blickfeld to gain a fast and sustainable foothold in the US and Asia,” Dr. Mathias Müller, co-founder and CEO of Blickfeld
“As a long-time partner, we have supported Blickfeld from the beginning. By combining Blickfeld’s proprietary MEMS technology with our industry-leading 905 nm edge emitting laser components, Blickfeld’s sensors demonstrate the capabilities of LiDAR technology in real-world use cases and at industrial scale. We look forward to continuing to support Blickfeld’s growth trajectory in the future.” Jörg Strauß, Senior Vice President & General Manager Business Line Visualization & Laser at ams OSRAM.
About field of view
Blickfeld, founded in Munich in 2017, is a provider of 3D LiDAR products and perception software for autonomous vehicles and IoT applications. Blickfeld LiDAR products meet the highest performance requirements in terms of power, cost and size needed for the mass market. The company is financially supported by Bayern Kapital, Continental, Fluxunit — ams OSRAM Ventures, High-Tech Gründerfonds, New Future Capital, Tengelmann Ventures and UVC Partners. — www.blickfeld.com
About Bayern Kapital
Bayern Kapital GmbH, headquartered in Landshut, was established in 1995 as a wholly owned subsidiary of LfA Förderbank Bayern on the initiative of the Bavarian state government. As the venture/growth capital company of the Free State of Bavaria, Bayern Kapital provides equity capital to the founders of innovative high-tech companies and innovative technology companies in Bavaria. Bayern Kapital manages specialized investment funds with an investment volume of around 700 million euros. To date, Bayern Kapital has invested over 350 million euros of venture capital in around 300 innovative, technology-oriented companies from a wide range of sectors, including life sciences, software & IT, materials & new materials, nanotechnology and environmental technology. Bayern Kapital has supported the companies EOS Electro Optical Systems, congatec, MorphoSys, voxeljet, parcelLab, SimScale and many others, some of which are listed on the stock exchange and are now market leaders in their sectors, from an early stage in the realization of their projects and also in large-volume financing rounds. As a result, more than 8,000 jobs have been permanently created in Bavaria in sustainable companies. www.bayernkapital.de
Continental develops pioneering technologies and services for the sustainable and connected mobility of people and their goods. Founded in 1871, the technology company provides safe, efficient, intelligent and affordable solutions for vehicles, machinery, traffic and transportation. Continental generated sales of €37.7 billion in 2020 and currently employs more than 192,000 people in 58 countries and markets. The company celebrated its 150th anniversary on October 8, 2021. www.continental.com/de/
About Fluxunit — ams OSRAM Ventures
Fluxunit — ams OSRAM Ventures is the independent venture capital unit of OSRAM. Building on OSRAM’s market leadership, the Fluxunit invests in start-ups in future technologies that go beyond OSRAM’s core business and bring with them the potential to open up new applications and significantly change business models. The goal of the Fluxunit is to provide startups with significant support, both in terms of capital and access to OSRAM’s resources and network, in order to accelerate their growth.
About New Future Capital (NFC)
New Future Capital is one of the best known investors in Greater China and focuses on the automotive sector with offices in Taipei and Shanghai. Leveraging its industry expertise and operational capabilities, the company aims to partner with businesses to transform and grow together amid rapid innovation. With a hands-on approach at strategic and operational levels, NFC supports business values and strives for long-term success. www.newfuturecapital.com
About Tengelmann Ventures
Tengelmann Ventures has been investing in start-ups in the consumer internet, digital services and emerging technologies sectors since 2009. With around 50 investments, Tengelmann Ventures is one of the most important venture capital investors in Germany. Its best-known investments include companies such as Zalando (IPO), Delivery Hero (IPO), Klarna, Scalable Capital and data Artisans.
About UVC Partners
UVC Partners is a Munich and Berlin based early-stage venture capital firm investing in European B2B startups within the enterprise software, industrial technologies and mobility sectors. The fund usually invests between €0.5 million and €5 million at the outset and up to €20 million in total per company. The portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading center for innovation and business creation. With over 300 employees and more than 100 industry partners, UnternehmerTUM can draw on many years of experience in building young companies. This collaboration allows UVC Partners to provide startups with unique access to talent, industry clients and other financial partners. www.uvcpartners.com
About High-Tech Gründerfonds
The seed investor High-Tech Gründerfonds (HTGF) finances technology start-ups with growth potential. With a volume of around EUR 900 million spread across three funds and an international partner network, HTGF has supported more than 650 start-ups since 2005. His team of experienced investment managers and start-up experts supports the young companies with know-how, entrepreneurial spirit and passion. The focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. More than EUR 3.5 billion in capital has been invested in the HTGF portfolio by external investors in more than 1,800 follow-on financing rounds to date. In addition, the fund has already successfully sold shares in more than 140 companies.