Lighthouse Tech funding news – Switzerland-based Lighthouse Tech Secures €160k in Funding
Oct 8, 2024 | By Team SR
Switzerland-based Lighthouse Tech secures €160k in funding from Venture Kick to bring its innovative smart eyewear to market. Blind and visually impaired individuals often rely on white canes for navigation. While this tool is effective at detecting obstacles on the ground or at low heights, it does not protect objects above waist level, leading to potential collisions.
SUMMARY
- Switzerland-based Lighthouse Tech secures €160k in funding from Venture Kick to bring its innovative smart eyewear to market.
- Lighthouse Tech is an award winning Swiss startup on a mission to blind and visually impaired people travel safely on foot.
This limitation increases physical risks and can affect the independence and confidence of low-vision individuals, contributing to social isolation and additional costs for medical care or personal assistance.
Lighthouse Tech has developed smart eyewear combining technology and style to help blind and low-vision people navigate safely. Lighthouse’s eyewear integrates powerful obstacle detection technology in a fashion eyewear frame that complements the white cane by detecting obstacles above ground level.
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The device alerts users through gentle haptic vibrations, enhancing safety and mobility when used alongside a cane, thereby improving the overall navigation experience.
Lighthouse Tech will employ the CHF 150,000 from Venture Kick to strengthen its sales team in preparation for market entry in Q1 2025. Additionally, the Medtech startup aims to attend three specialized trade shows and visit distribution partners in key target markets (DACH and Italy). Part of the funding will also be allocated to enhancing its social media presence and engaging with the online community of blind individuals or vision impaired.
Franco Burlando said, “We, as a team, are deeply grateful to Venture Kick for playing a pivotal role in our startup’s growth and development. The structured program was instrumental in refining our business model, sharpening our go-to-market strategy, and enhancing our pitch to investors,” “Additionally, the essential funding provided by Venture Kick had a profound impact on our progress towards market entry and long-term success. Venture Kick truly was a game-changer for Lighthouse Tech!”
About Lighthouse Tech
Lighthouse Tech is an award winning Swiss startup on a mission to blind and visually impaired people travel safely on foot. They are making a state-of-the-art eyewear frame that locates obstacles in the upper-body zone, an area left unprotected by the traditional white cane. Modular incorporation of electronics allows users to select from a collection of six different styles in a choice of colours and two sizes to fit all faces.