Copenhagen-based ABH Optics ApS, a company spun off from the Technical University of Denmark (DTU) developing the world’s thinnest and lightest eyeglass lenses, has secured €1M in a pre-seed round of funding.
The investment was led by High-Tech Gründerfonds (HTGF), an early-stage investor in Europe.
Olaf Joeressen, Senior Investment Manager at HTGF, says, “We are excited to support ABH Optics in their journey to disrupt the eyeglass lenses market with meta-optics.”
“Their innovative approach to lens manufacturing has the potential to significantly improve the quality of life for individuals with high dioptre prescriptions, and we see a bright future for their technology in the market.”
Capital utilisation
This funding will help ABH Optics ApS develop and commercialise its meta-optic eyeglass lenses, which are notably thinner and more cost-efficient for high prescription powers.
Bo Svarrer Hansen, CEO of ABH Optics, says, “This funding marks a significant milestone for ABH Optics. We are thrilled to have the support of HTGF as we strive to bring our innovative lenses to the market.”
“Our technology not only enhances the comfort and aesthetics for those with high prescriptions but also aligns with our commitment to sustainability.”
The world’s thinnest prescription eyeglass lenses
Founded in 2022 by Anders Kristensen, Bo Svarrer Hansen and Henrik Bense-Petersen, ABH Optics has developed novel eyeglass lenses using nanotechnology.
With an exclusive IP license from DTU and support from various research funds, the company aims to transform traditional lens manufacturing.
Its proprietary technology enables customisation for both optical power and structural defects, resulting in ultra-thin, lightweight, and environmentally friendly lenses that use less plastic.
Targeting the 13 per cent of eyeglass wearers with prescriptions over +/- 4 diopters, ABH Optics offers lenses, even for prescriptions up to +/-20 diopters, that are less than 2 mm thick.
Brief about High-Tech Gründerfonds
High-Tech Gründerfonds (HTGF) backs tech startups with high growth potential and has supported over 750 startups since 2005. Managing around €1.4B across four seed funds, HTGF’s team provide young companies with expertise and support.
HTGF focuses on high-tech startups in digital tech, industrial tech, life sciences, chemistry, and related areas. External investors have contributed about €6B to HTGF’s portfolio through over 2,000 follow-on financing rounds, and HTGF has sold shares in more than 180 companies.
Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital, and 45 companies from various industries.
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