Osborne Clarke has advised Blickfeld GmbH on its $10 million financing rounds. Fluxunit, the high-tech foundation fund, Tengelmann Ventures and Unternehmertum Venture Capital Partners have invested 10 million dollars in the lidar start-up.
Blickfeld plan to use the investment to produce its first series of products and further strengthen its team. The 4.3 million to 10 million dollar increase in the seed financing round, which was completed a few months ago, is expected to accelerate the rapid growth of the company.
Blickfeld, founded in 2017 by Mathias Müller, Florian Petit and Rolf Wojtech, develops and produces its own lidar-sensors for environmental detection and has patented the technology. The laser used by the sensors is programmed to scan a room 20 times per second and to create a depth map in real time. The sensors will be used by automobile manufacturers to enable the construction of highly automated and autonomous cars. The sensors can also be integrated in the robotics industry.
The Osborne Clarke team advising Blickfeld on this investment was led by Nicolas Gabrysch and Till-Manuel Saur (both corporate).