Velox, an industrial direct-to-shape digital ornament options producer, has secured $38m in a brand new funding spherical.
Led by Fortissimo Capital, the funding was joined by present traders, together with JAL Ventures, Evonik, O.R.T. Applied sciences, Ilan Holdings, and others.
Proceeds from the funding will assist expedite the enlargement of Velox’s international presence and innovation in high-speed, direct-to-container digital printing.
Velox co-founder and CEO Marian Cofler stated: “We’re seeing elevated momentum within the beverage packaging phase for extra environment friendly and sustainable printing applied sciences, which has impacted the rising demand for our industrial direct-to-shape digital ornament options.
“We sit up for working with Fortissimo Capital and our present traders to additional broaden our international attain, develop our expertise experience and scale our providing to serve our quickly rising buyer base.”
Velox is utilizing a brand new method to direct-to-shape digital ornament for inflexible cylindrical containers, comparable to beverage cans.
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The corporate’s proprietary expertise, coupled with a variety of ink formulations, permits digital printing at excessive volumes.
As well as, Velox’s ornament expertise improves sustainability by eliminating the necessity for tons of of tonnes of shrink sleeves and plastic labels yearly.
It additionally permits the recyclability of aluminium cans.
Fortissimo founding and managing associate Yuval Cohen stated: “We now have been following Velox’s progress and determined that now’s the proper time to take a major stake as we ramp up manufacturing of Velox’s dependable, state-of-the-art digital printers for beverage cans.
“We sit up for constructing upon the corporate’s proficient workforce, buyer wins and pipeline of alternatives to additional improve and speed up the expansion of the corporate.”
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