Velox News
10 articlesVelox Raises $38 Million Led by Fortissimo
growth-negative
110 מיליון דולר של חברת הדפוס הדיגיטלי ולוקס התאיידו בחצי שנה, ואז הגיעה פורטיסימו | כלכליסט
Velox, a company specializing in digital printing technology, has experienced a significant decrease in valuation, from $110 million in August to $8.75 million recently. The companys losses have impacted its investor, ORT, which has invested a total of $14.4 million in Velox over the years. ORT has reported a loss of 19 million shekels in 2023, largely due to the decrease in Veloxs valuation. In the recent funding round, Velox raised $14 million, with an option for investors to invest an additional $12 million by the end of the year and the same amount by the end of 2025. The round was led by private equity fund Fortissimo.
InvestmentLayoffs
growth-positive
Velox, a developer and manufacturer of industrial direct-to-shape digital decoration technologies, has appointed Anthony Allott, co-founder of Waypoint Investors and a veteran in the packaging industry, as chairman of its board of directors
Anthony Allott, co-founder of Waypoint Investors and a veteran in the packaging industry, has been appointed as chairman of the board of directors at Velox, a developer and manufacturer of industrial direct-to-shape digital decoration technologies. Allott has extensive experience in the packaging sector, having served as president and CEO at Silgan Holdings, a global manufacturer of sustainable rigid packaging and dispensing products. Waypoint Investors led Velox’s last investment round.
Management ChangesInvestment
growth-positive
Enhancing Tube Manufacturing Capabilities, Neopac Incorporates Velox's Mass Production Digital Printing System
Hoffmann Neopac, a global provider of packaging and dosing applications, has enhanced its tube production capabilities with cutting-edge digital printing technology from Velox. The technology allows for superior digital printing quality on various tube materials and offers extended color gamut, matte/gloss effects, and opaque white printing. Hoffmann Neopac has also optimized the sample process for customers. The investment in the technology demonstrates Hoffmann Neopacs commitment to providing industry-leading products and services. The addition of the technology is expected to drive growth and expand market share in the FMCG industry. Hoffmann Neopac has also made strides towards sustainable production, including the installation of solar power panels. Velox is committed to providing advanced mass production digital technology and expanding its capabilities.
CustomersPartners
growth-positive
מנורה, מגדל ומיטב דש הובילו גיוס של 33 מיליון דולר בחברת הדפוס ואלוקס כלכליסט
Velox, a digital printing company, has raised $80 million in funding. The investors include Ilan Holdings, JAL Ventures, ORT Technologies, and international chemical companies Altana and Evonik. The funding will be used to add employees and promote the companys marketing efforts. Velox specializes in technology that allows direct printing on decorative packaging of rigid bodies. The company has strategic partnerships with Crown Holdings, Lageen Tubes, and Hoffmann Neopac. The global market for decorative printing on containers is estimated at $27 billion annually. Velox aims to replace traditional printing technologies with its faster direct printing technology. The company also addresses the demand for diverse and environmentally friendly packaging.
InvestmentExpand
growth-positive
Crown Teams with Velox to Launch Fastest Digital Beverage Can Decorator
Crown Holdings, Inc. has announced a collaboration with Velox Ltd. to provide beverage brands with game-changing digital decoration technology for aluminum cans. The collaboration aims to unlock new possibilities for major brands and smaller producers by offering faster running speeds, the ability to print up to 14 simultaneous colors, and embellishments such as gloss, matte, and embossing. The technology and solution also provide benefits such as lower production volumes, photorealistic quality, wider color gamut, and improved sustainability. The collaboration between Crown and Velox addresses the growing global demand for innovative digital decoration solutions in the beverage industry. The technology is expected to be commercially available in 2022.
Partners
growth-positive
ALTANA'S CTO Joins Velox Board of Directors
Velox, an Israeli developer of direct-to-shape (DTS) digital printing technology, has announced the appointment of Petra Severit, PhD to its Board of Directors. Severit, who is also the Chief Technology Officer for ALTANA AG, a global leader in specialty chemicals, replaces Florian Löbermann, PhD. ALTANA became an investor in Velox in November 2018, to strengthen its activities in the areas of printing and packaging. Velox’s industrial digital decoration solution offers a replacement for existing decoration technologies in terms of quality, production speed, and total cost of ownership.
Management ChangesInvestment
growth-positive
Velox's Direct-to-Shape Digital Decoration Technology Significantly Improves Sustainability
Velox Ltd., a mass production direct-to-shape (DTS) digital decorator for the packaging industry, offers an eco-friendly decoration process and substrate versatility. The companys digital decoration system reduces waste, energy consumption, and transportation requirements, while also enabling on-demand production and saving on label substrates. Velox will showcase its sustainability decoration technology at the CosmeticBusiness event in Munich. Customer LAGEENTUBES will exhibit the recently introduced Post-Consumer Recycled (PCR) and Sugarcane renewable material tubes. Veloxs DTS-Inkjet technology allows high-quality printing on any container material or coating. The company aims to meet brand owners sustainability goals and reduce environmental footprints. Velox develops and manufactures industrial-grade direct-to-shape digital decoration solutions for the rigid container industry.
CustomersPartners
growth-positive
Direct-to-Shape digital printing co Velox raises $32m
Israeli company Velox has completed a $32 million financing round co-led by JAL Ventures and O.R.T. Technologies. The investment will be used to accelerate Veloxs go-to-market strategy and strengthen its technology leadership in the industrial digital printing market. Strategic investors ALTANA and Evonik, along with the experience of JAL Ventures and O.R.T. Technologies, will help Velox achieve new achievements in the industry. Veloxs proprietary printing process allows it to bring digital printing into the mass packaging decoration market, offering superior decoration quality and capabilities compared to analog printing solutions.
Investment
growth-positive
Velox Delivers World's Only Mass Production Direct-to-Shape Digital Decoration Technology for the Rigid Packaging Industry
Velox Ltd. announces the commercial availability of its new solution, the IDS 250, which is a replacement for conventional DTS printing. The new technology allows for high volume and low volume runs with near-zero set up time, superior quality, and an affordable price. Customer LAGEENTUBES, a leading supplier of plastic and aluminum tubes packaging, is fully installed with the Velox IDS 250 and is producing products for its customers. The technology is revolutionizing how products are branded, produced, and marketed in the packaging industry.
Customers
