Led · Equity · Dec 2018

Lightspace Technologies is an AS HansaMatrix–associated DeepTech company focused on multi-plane volumetric real-time 3D image displays. Its product range includes large-screen front-view 3D displays, bench-top surface 3D displays, and a recently released multi-plane stereo 3D head-mounted VR/AR display targeted at professional audiences. The company supplies technology to medical, industrial, and defense customers and licenses its technology to Tier‑1 augmented reality automotive and consumer OEMs. A financing package from AS HansaMatrix, backed by the European Investment Bank, was announced to support acquisition of technological equipment and further R&D. Planned uses also include development of fabrication and industrialization processes for key photonics elements. The company emphasized scaling production and commercialization efforts tied to those investments. SIA Lightspace Technologies is an AS HansaMatrix-associated company that undertook a share-capital increase in May 2018. The company issued 7,186 new shares; after the increase share capital amounts to €13,871 and consists of 13,871 shares. The increase was effected via a mix of contributions in kind (equity in SIA EUROLCDS) and cash, with KS BaltCap Latvia Venture Capital Fund, AS HansaMatrix and Ilmārs Osmanis subscribing new shares. Following the transaction Lightspace acquired 76.12% of its main supplier SIA EUROLCDS, a move described as ensuring an optimal business structure and reducing supply-chain risks. Ownership of Lightspace after the increase is split among KS BaltCap (44.08%), AS HansaMatrix (39.99%), KS AIF Imprimatur Capital Technology Venture Fund (9.34%), Ilmārs Osmanis (3.60%) and KS AIF Imprimatur Capital Seed Fund (2.99%). The transaction included sizable in-kind valuations of EUROLCDS equity and a cash contribution from AS HansaMatrix, reflecting a strategic consolidation rather than a public fundraising round. LightSpace Technologies is a Riga, Latvia-based developer of optically deep volumetric 3D image display technologies. Its technology produces optically deep volumetric 3D images with primary uses in medicine, scientific visualization and AR/MR applications. The company raised €800k in funding from backers that included JSC HansaMatrix and Imprimatur Capital Technology Venture Fund. LightSpace intends to use the funds to continue development of its technologies and to develop customer applications. The product is positioned for specialized professional, medical and augmented/mixed reality markets. The announcement was reported by FinSMEs on 09/05/2017.