ABH Optics Secures Pre-Seed Funding to Revolutionize the $40 Billion Eyeglass Lenses Market with Meta-Optics

August 7, 2024

• ABH Optics, a pioneer in the eyewear industry, secures €1 million pre-seed funding from HTGF for Groundbreaking Meta Optics Lenses.
• Developed at DTU, ABH Optics’ individualized meta-optic lenses offer unparalleled precision and efficiency.
• The company’s lenses, even for strong prescriptions up to +/-20 diopters, will be less than 2 mm thick.

Copenhagen, 7 August 2024 – ABH Optics ApS, a Danish high-tech company and spin-off from Technical University of Denmark (DTU), has successfully closed a €1 million pre-seed funding round led by High-Tech Gründerfonds (HTGF), one of the leading early stage investors in Europe. This investment will accelerate the development and commercialization of their cost-efficient meta-optic eyeglass lenses that offer a significant reduction in thickness for high prescription powers.

ABH Optics has developed a novel type of eyeglass lens using cutting-edge nanotechnology, originating from DTU Health Tech’s projects. With an exclusive IP license from DTU and based on extensive previous research funding from DTU, the Innovation Fund Denmark, and the EU, the company is poised to disrupt the traditional lens manufacturing process, which has remained largely unchanged for centuries.

The company’s proprietary technology allows for easy customization of lenses, addressing both optical power and structural defects. The result is a product line of ultra-thin, lightweight, and environmentally friendly lenses that reduce plastic usage. ABH Optics targets the 13% of eyeglass wearers with prescriptions exceeding +/- 4 dioptres, who will greatly benefit from the new lens technology.

This funding marks a significant milestone for ABH Optics. We are thrilled to have the support of HTGF as we strive to bring our innovative lenses to the market. Our technology not only enhances the comfort and aesthetics for those with high prescriptions but also aligns with our commitment to sustainability.

Bo Svarrer Hansen, CEO of ABH Optics

We are excited to support ABH Optics in their journey to disrupt the eyeglass lenses market with meta-optics. Their innovative approach to lens manufacturing has the potential to significantly improve the quality of life for individuals with high dioptre prescriptions, and we see a bright future for their technology in the market.

Olaf Joeressen, Senior Investment Manager at HTGF

About ABH Optics
ABH Optics ApS is a Danish company founded in 2022 by Anders Kristensen, Bo Svarrer Hansen, and Henrik Bense-Petersen. With a focus on developing meta optics eyeglass lenses, ABH Optics is set to revolutionize the eyewear industry with its unique, thin, and environmentally friendly lenses.

Contact
Bo Svarrer Hansen CEO, ABH Optics ApS
bsh@abhoptics.dk

About High-Tech Gründerfonds  
The seed investor High-Tech Gründerfonds (HTGF) finances tech start-ups with growth potential and has supported more than 750 start-ups since 2005. In its four seed funds, HTGF has about 1.4 billion euros under management. Its team of experienced investment managers and start-up experts support young companies with expertise, entrepreneurial spirit and passion. HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. To date, external investors have injected about 6 billion euros of capital into the HTGF portfolio via more than 2,000 follow-on financing rounds. In addition, HTGF has already successfully sold shares in more than 180 companies.
Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital and 45 companies from a wide range of industries.

Media contact 
High-Tech Gründerfonds Management GmbH 
Tobias Jacob, Senior Marketing & Communications Manager  
T.: +49 228 – 82300 – 121
t.jacob@htgf.de