Industrial digital printing startup, Velox, raised a $38 million Series C funding round led by Fortissimo Capital, with participation from JAL Ventures, O.R.T. Technologies, Ilan Holdings, Evonik, Waypoint Investors, and Migdal Insurance & Finance.
The capital will be used expand Velox's global operations and further its innovations in high-speed, direct-to-container digital printing.
Building on their Series B, $32 million investment in 2018, Velox's unique approach to digital decoration directly on rigid and cylindrical containers offers a transformative solution in the packaging industry. Their proprietary technology and diverse ink formulations allow for high-volume production, shifting the packaging decoration paradigm towards more personalized, brand-focused, and sustainable options.
The startup's innovation facilitates nearly instantaneous setup times, enhances efficiency for small runs, and promotes direct marketing on packaging, all while supporting environmental sustainability by reducing the need for shrink sleeves and enabling the recyclability of aluminum cans.
There's a surge in demand for more efficient and eco-friendly printing technologies, marketing Velox's offering favorably. The latest round will enable the startup to meet the needs of its rapidly expanding customer base.
The startup was founded in 2012 by Marian Cofler and Adrian Cofler.
