ABH Optics funding news – Danish-based ABH Optics Raises €1 Million in Pre-Seed Funding
Aug 7, 2024 | By Team SR
ABH Optics ApS, a Danish high-tech company and spin-off from Technical University of Denmark (DTU), raises €1 million in pre-seed funding led by High-Tech Gründerfonds (HTGF).
SUMMARY
- ABH Optics ApS, a Danish high-tech company and spin-off from Technical University of Denmark (DTU), raises €1 million in pre-seed funding led by High-Tech Gründerfonds (HTGF).
- ABH Optics, which was founded in 2022 by Anders Kristensen, Bo Svarrer Hansen, and Henrik Bense-Petersen, has created a new kind of eyeglass lens that uses state-of-the-art nanotechnology and was inspired by research at DTU Health Tech.
With this financing, their cost-effective meta-optic eyeglass lenses—which enable a notable thickness reduction for high prescription powers—will be developed and commercialized more quickly.
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Bo Svarrer Hansen, CEO of ABH Optics, said: “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.”
Olaf Joeressen, Senior Investment Manager at HTGF, added: “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.”
Thanks to the company's patented technology, lenses may be easily customized to correct structural flaws as well as optical power. The end outcome is a line of extremely light, thin, and eco-friendly lenses that use less plastic. ABH Optics caters to the 13% of individuals who wear glasses and have prescriptions more than +/- 4 dioptres; they stand to gain a lot from the new lens technology.
About ABH Optics
ABH Optics, which was founded in 2022 by Anders Kristensen, Bo Svarrer Hansen, and Henrik Bense-Petersen, has created a new kind of eyeglass lens that uses state-of-the-art nanotechnology and was inspired by research at DTU Health Tech.
The company intends to disrupt the conventional lens manufacturing process, which has remained virtually unaltered for centuries. It is based on considerable prior research funding from DTU, the Innovation Fund Denmark, and the EU, and it has an exclusive intellectual property license from DTU.