Oxxius Secures $ 10 Million In Series B Funding

Laser specialist to ramp up production and strengthen market position.

The round was led by existing investor Sofinnova Partners who was joined by AXA Private Equity and San Francisco-based Sofinnova Ventures.

Oxxius introduced last year its range of groundbreaking SLIM lasers offering market-leading performance and compactness. It is developing an extended range of lasers based on this platform and has achieved recently a world's first in solid-state ultraviolet lasers.

"This additional funding will enable us to grow the commercial and industrial operations of the company and consolidate our position of first-tier laser provider to instrumentation manufacturers", said Thierry Georges, co-founder and CEO of Oxxius.

"The potential we identified in Oxxius in the first round has turned into a major market opportunity backed by a strong and differentiated technology", says Alain Rodermann, a Partner with Sofinnova Partners.

"Our investment philosophy is to support world-class teams. Oxxius is led by a serial entrepreneur and has the talent and dedication to grow into a highly successful venture", adds Jean-Marc Fiamma, Investment Manager with AXA Private Equity.

Alain Azan of Sofinnova Ventures concludes: "Oxxius brings a unique value proposition to the US laser market. Few investment opportunities in European startups have excited us as much in recent years."

Press contact: Isabelle Jourdain, +33 450 323 601, isabelle@ts2c.com