Funding at holographic tech pioneer Envisics has reached £80 million.
The dynamic holographic technology firm, based in Milton Keynes, has completed its Series C funding round by welcoming M&G Investments as a new investor in the company alongside a follow-on investment from Van Tuyl Companies.
The company featured on our TransportTech 50 ranking last year.
In March this year, Envisics announced the first phase had raised over $50m, with the round being led by Hyundai Mobis – an existing strategic investor, with additional investments from new strategic shareholders InMotion Ventures, the investment arm of Jaguar Land Rover, and Stellantis.
Envisics’ holographic technology enables market-leading augmented reality head-up displays for vehicle manufacturers and consumers alike.
“Envisics continues to attract extremely high-quality strategic investors to the company,” said CEO and founder Dr Jamieson Christmas. “We continue to make great progress on developing and delivering dynamic holography as a viable product at scale to the world’s leading automakers.
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“The vote of confidence from M&G Investments, together with our recently expanded group of investors, speaks to the significant growth potential for our technology as part of the transformation set to disrupt next generation mobility experiences.”
Mitchell Caplan, president of Tarsadia Investments and chairman of Envisics Inc, commented: “To have such a strong close to our Series C strategic funding round is a testament to the momentum built by Dr Christmas and the team at Envisics.
“We were an early investor in Envisics, and we welcome the very impressive roster of returning and new investors in this round.”
Envisics Ltd is a private company registered and headquartered in the UK and owned by Envisics Inc, a Delaware corporation.