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TriLite extended its Series A funding with a total amount of €20M, led by Continental’s Corporate Venture Capital Unit to expand operations and development efforts.

PRIVATESep 11, 2024

Amount Raised

€20 Million

Round Type

Series A

ManufacturingInformation TechnologyCommerce and ShoppingEnergyHardwareSoftwareMedia And EntertainmentElectronics

Investors

TEC VenturesB&C Innovation InvestmentsAPEX VenturesContinental’s Corporate Venture Capital Unit

Description

TriLite, based in Vienna, Austria, extended its Series A funding bringing the total to €20M. The round involved participation from Continental’s Corporate Venture Capital Unit, alongside existing investors APEX Ventures, B&C Innovation Investments, and TEC Ventures. The funds will be used to expand the company's operations and development efforts.

Quick answer

TriLite raised €20 Million in a Series A round, dated September 11, 2024. Investors: TEC Ventures, B&C Innovation Investments, APEX Ventures and Continental’s Corporate Venture Capital Unit.

How much did TriLite raise?
TriLite raised €20 Million in a Series A round on September 11, 2024.
Who invested in TriLite?
TEC Ventures, B&C Innovation Investments, APEX Ventures and Continental’s Corporate Venture Capital Unit are named as investors in this round.
What does TriLite do?
TriLite designs and builds the world's smallest projection displays and ensures that everyone can enjoy augmented vision as lightweight as the eyewear of today.
Who are the decision-makers at TriLite?
Fundz holds 1 contact at TriLite. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Commerce and Shopping and Energy around the same time

Companies in the same sectors as TriLite that raised within 45 days of this round, from Fundz verified event records.

  • Beeline Holdings raised $56M on October 7, 2024.
  • Calectra raised $2M (Pre-Seed) on August 26, 2024.
  • Chromatic 3D Materials raised $5.8M on August 15, 2024.
  • Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
  • Groq AI raised $640M (Series D) on August 5, 2024.
  • Simple Energy raised $20M (Series A) on July 29, 2024.

Who to call at TriLite, and when

A new round usually means TriLite is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

TriLite

About

TriLite designs and builds the world's smallest projection displays and ensures that everyone can enjoy augmented vision as lightweight as the eyewear of today. TriLite's display solutions are based on proprietary, multi-parameter algorithms and deploy advanced machine learning algorithms to generate laser beam scanning devices with unprecedented size, weight and image quality. An outstanding team of multidisciplinary researchers and manufacturing experts stands behind TriLite's multiple-patented technology. TriLite enables its customers to accelerate the availability of leading-edge display solutions for mass market Augmented Reality applications.

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Fundz sees it the moment TriLite raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

TriLite raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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