LumeJet in 2m crowdfunding pitch
Wed, 5th November 2014

LumeJet in £2m crowdfunding pitch

Coventry-based print technology company LumeJet is seeking to raise £2m through a crowdfunding platform to help drive expansion.

It is looking for the investment on Crowdbnk and is giving up a 20 per cent stake in return for its target sum.

LumeJet was founded in 2010 developing photonic platform technology for inkless printing and patterning applications.

It has raised about £8m to date from private angels, Midven, Angel CoFund, Wren Capital, Martlet, The ERA Foundation and the LBA EIS Fund, with further support from Technology Strategy Board.

Chief executive Paul Anson said: "Our ultra-high quality range of printers is a key part of our business, but we are also working on a printhead offering 50 times more output and are investigating new photosensitive coating technologies for volume applications.

"I spend a lot of my time trying to explain to investors, normally involved in internet businesses, biotech and software, that the print industry is massive, diverse, and full of opportunity all over the globe.

"Then it occurred to me, the people that know this already are in the print industry and LumeJet's culture is one of openness and collaboration. Let's let everybody and anybody be a part of building a new print technology business financially as well as commercially."

LumeJet was selected this year as one of the most promising digital companies in Britain and showcased its technology at 10 Downing Street.

category Midlands  |  source Insider Media