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 current buyers, together with JAL Ventures, Evonik, O.R.T. Applied sciences, Ilan Holdings, and others.
Proceeds from the funding will assist expedite the growth 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 section 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 stay up for working with Fortissimo Capital and our current buyers to additional develop our international attain, develop our expertise experience and scale our providing to serve our quickly rising buyer base.”
Velox is utilizing a brand new strategy to direct-to-shape digital ornament for inflexible cylindrical containers, equivalent to beverage cans.
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The corporate’s proprietary expertise, coupled with a spread of ink formulations, allows digital printing at excessive volumes.
As well as, Velox’s ornament expertise improves sustainability by eliminating the necessity for a whole lot of tonnes of shrink sleeves and plastic labels yearly.
It additionally allows the recyclability of aluminium cans.
Fortissimo founding and managing companion Yuval Cohen stated: “We have now been following Velox’s progress and determined that now could be the fitting 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 stay up for constructing upon the corporate’s gifted workforce, buyer wins and pipeline of alternatives to additional improve and speed up the expansion of the corporate.”
