Lidar technology developer Blickfeld has secured a $5.7m extension from investors including Unternehmertum Venture Capital Partners to bring its seed round to $10m.
Germany-based lidar technology developer Blickfeld secured a $5.7m seed extension from investors including Unternehmertum Venture Capital (UVC) Partners on Tuesday to bring the round’s total to $10m.
Fluxunit Osram Ventures and Tengelmann Ventures, respective investment arms of lighting product maker Osram and retail group Tengelmann, also supported the extension, as did public-private partnership High-Tech Gründerfonds.
The same group of investors supplied the original $4.3m tranche in October 2017. UVC Partners is a venture capital firm affiliated with Unternehmertum, the tech transfer office of Technical University of Munich.
Founded in 2017, Blickfeld produces Lidar sensors, laser-operated devices with similar function to radar which delineate the field-of-view in applications such as autonomous driving, robotics and internet of things.
The products are designed to collect 3D high-resolution data to ensure dependent devices have precise locational information.
The additional seed funding will help Blickfeld pursue accelerated business growth on the back of strong…
