L.E.S.S. raises USD 22m Series C Financing

Niederer Kraft Frey advised L.E.S.S. SA on its series C financing round.

L.E.S.S. SA, which develops ultra-thin nano active fiber lighting solutions for industrial vision, automotive applications and medical illumination, has successfully closed a USD 22 million (CHF 17 million) series C financing.

L.E.S.S. SA is a Swiss high-tech scale-up, founded in 2012, that designs, develops and manufactures advanced lighting solutions based on its proprietary nano-active fiber technology. The LuxiBright® technology delivers ultra-bright, ultra-uniform and ultra-thin lighting systems that outperform traditional LED technology in precision, efficiency and flexibility. These solutions are used across demanding technical applications such as industrial machine vision (for precise inspection), automotive lighting (including high-end signal and contour lights), and medical illumination, addressing both performance and energy-efficiency needs.

Driven by the expertise and determination of the #FearLESSTeam, L.E.S.S. SA recently presented the world’s first series production vehicle featuring LuxiBright® technology marking a major milestone in automotive lighting, combining cutting-edge technology with visionary design.

The financing will be used to scale up the business.

The NKF team was led by Corporate/M&A and Technology partner Jacques Bonvin, working with partner Andrea Wuerzner (Corporate/M&A) and associate Boris Catzeflis (Technology).