Velox Revolutionizes Digital Decoration Solutions with $38 Million Funding
April 7, 2024, 9:30 am
Velox-digital
Location: Israel, Center District, Rosh HaAyin
Employees: 51-200
Founded date: 2012
Total raised: $70M
Velox, a pioneer in industrial direct-to-shape digital decoration solutions for rigid packaging containers, has secured a game-changing $38 million funding round led by Fortissimo Capital. Existing investors JAL Ventures, O.R.T. Technologies, Ilan Holdings, Evonik, Waypoint Investors, and Migdal Insurance & Finance also joined in on the investment. This funding will propel Velox's innovative technology to new heights in the beverage packaging decoration market.
Velox's cutting-edge technology allows for high-volume digital printing on cylindrical containers like beverage cans, revolutionizing the industry with its efficiency and quality. With near-zero setup time, Velox's digital printers cater to shorter-run customers, product diversification, and personalized marketing directly on the container surface. This sustainable decoration technology eliminates the need for shrink sleeves and plastic labels, contributing to the recyclability of aluminum cans.
Fortissimo Capital's Founding and Managing Partner, Yuval Cohen, expressed confidence in Velox's revolutionary technology, foreseeing a significant impact on the market. Marian Cofler, Velox's Co-Founder and CEO, highlighted the growing demand for efficient and sustainable printing technologies in the beverage packaging segment, driving the need for Velox's direct-to-shape digital decoration solutions.
With a focus on global expansion and technological innovation, Velox, under the leadership of Marian Cofler and Adrian Cofler, is set to transform the rigid packaging industry with its state-of-the-art digital printers. By introducing a new approach to digital printing through formulated inks and dedicated deposition architecture, Velox is poised to lead the way in packaging decoration innovation.
Velox's $38 million funding round marks a significant milestone in the company's journey towards reshaping the beverage packaging decoration market. With a talented team, a growing customer base, and a pipeline of opportunities, Velox is primed to accelerate its growth and solidify its position as a leader in digital decoration solutions for rigid packaging containers.
Velox's cutting-edge technology allows for high-volume digital printing on cylindrical containers like beverage cans, revolutionizing the industry with its efficiency and quality. With near-zero setup time, Velox's digital printers cater to shorter-run customers, product diversification, and personalized marketing directly on the container surface. This sustainable decoration technology eliminates the need for shrink sleeves and plastic labels, contributing to the recyclability of aluminum cans.
Fortissimo Capital's Founding and Managing Partner, Yuval Cohen, expressed confidence in Velox's revolutionary technology, foreseeing a significant impact on the market. Marian Cofler, Velox's Co-Founder and CEO, highlighted the growing demand for efficient and sustainable printing technologies in the beverage packaging segment, driving the need for Velox's direct-to-shape digital decoration solutions.
With a focus on global expansion and technological innovation, Velox, under the leadership of Marian Cofler and Adrian Cofler, is set to transform the rigid packaging industry with its state-of-the-art digital printers. By introducing a new approach to digital printing through formulated inks and dedicated deposition architecture, Velox is poised to lead the way in packaging decoration innovation.
Velox's $38 million funding round marks a significant milestone in the company's journey towards reshaping the beverage packaging decoration market. With a talented team, a growing customer base, and a pipeline of opportunities, Velox is primed to accelerate its growth and solidify its position as a leader in digital decoration solutions for rigid packaging containers.