CREAL closes CHF 4.3 M Series A financing round
20.12.2019
EPFL spin-off CREAL closes a series A financing round raising CHF 4.3 million. The round was led by investiere and co-led by DAA Capital Partners. Institutional funds and private investors.
 Tomas Sluka, CEO at CREAL
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EPFL spin-off and Venture Kick alumn CREAL has announced today the successful closes of its CHF 4.3 million Series A financing round.
"Venture Kick was our first gate to the startup world and absolutely essential partner that allowed us to take off. It provided us with additional motivation, professional training, tailored feedback, finances, visibility, important contacts and label of credibility." - Tomas Sluka, CEO & Founder at CREAL
On top of this capital injection, the technology was also recognized by the European Innovation Council, which selected CREAL as one of the European deep tech champions and awarded it a € 2.3M EIC Accelerator grant and by the Fondation pour l'Innovation Technologique which awarded CREAL CHF 0.5 M subsidized loan.
"Venture Kick was our first gate to the startup world and absolutely essential partner that allowed us to take off. It provided us with additional motivation, professional training, tailored feedback, finances, visibility, important contacts and label of credibility." - Tomas Sluka, CEO & Founder at CREAL
On top of this capital injection, the technology was also recognized by the European Innovation Council, which selected CREAL as one of the European deep tech champions and awarded it a € 2.3M EIC Accelerator grant and by the Fondation pour l'Innovation Technologique which awarded CREAL CHF 0.5 M subsidized loan.
This funding will enable CREAL to bring its light-field technology from the current prototype stage to the next-generation VR headsets and later AR headsets.