Coparion in $5.4m series-A for Lofelt

The round was led by private investment company Wolfman.One; VC firms Q Venture Partners and Horizons Ventures also took part.

The fresh capital will be used to expand Lofelt's engineering team to accelerate product development.

Previous funding
Horizons Ventures invested an undisclosed amount in Lofelt's seed round in August 2016. Prior to this, the company had received a €600,000 grant from investment bank IBB. It has also raised money through crowdfunding campaigns.

Company
Lofelt was founded in 2014. It develops hardware and software to add haptic features to virtual reality experiences. Its technology can be used by the gaming, mobile, automotive and education industries.

People
Lofelt – Daniel Büttner (CEO).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany