Renens, July, 3rd 2019: L.E.S.S. SA, a high tech company manufacturing a new generation of ultra-bright and ultra-thin lighting systems, announced today the closing of a CHF 14 million Series B financing round to accelerate the industrialization of their products in the automotive market. The round was led by new private and existing investors.
L.E.S.S. SA was founded in Switzerland in 2012 and has already won the most prestigious innovation and business awards in Switzerland and Europe. The new nano-active fiber technology developed by L.E.S.S. has proven itself as a disrupting alternative to the LED technology setting a new standard of lighting quality. Since its foundation, L.E.S.S SA has been successful delivering high quality inspection lighting systems. In 2017, the revolutionary potential of the nano-active fiber technology has been displayed for the first time on a demo car at the Geneva International Motor Show. Thanks to the versatility of its laser wire technology, L.E.S.S. is able to adapt to the increasing demands of car designers for thin, low weight and bright automotive lighting. The thinness, the flexibility and the three-dimensional lighting nature of L.E.S.S. laser wire technology allows for the creation of unprecedented car lighting signatures.
Dr. Yann Tissot, CEO: “Since 2017, we have been working tightly with different players of the car industry to reach the necessary milestones to enter the automotive market. This substantial financing round is closed at a perfect time. It will consolidate our current collaborations and strongly support the industrialization and the production ramp-up of our products for the automotive market.”
The round was led by new private investors from the automotive industry, existing private investors from the venturelab community and the venture capital firm VI partners. Dr. Yann Tissot, CEO: “The automotive market is in full transformation and I am convinced we will have a strong impact on the future cars design. However, the automotive market demands on a strict planning, validation and milestones. Therefore we are glad to have convinced key investors from this specific industry to support us on this path. In addition, benefiting from the continuous commitment of our early investors is a strong indicator of their trust in the long term strategy of the company.”
