Cannes—May 11, 2011
Volfoni Speeds Up Development
Volfoni has just completed
raising $3 million from the investment fund Turenne Capital.
Founded in 2007, Volfoni is a
major player in the design, manufacture, and distribution of 3D glasses in
Europe. Since 2009, Volfoni has invested heavily in research and development to
be able to build its next generation of
products using the latest technology. Volfoni has just completed this round of
fundraising to support its commercial and technological development.
"The commercial success of
our EDGE glasses in the cinema and education markets allowed us to maintain the
first phase of our development. The arrival of Turenne Capital helps us rapidly
develop new products and services. The year 2011 will be full of new products.
We are very proud of this fundraiser and the confidence Turenne Capital has in
us,” said Thierry Henkinet, President of Volfoni.
Objectives for 2011
While Volfoni originally came to
prominence in the rental of 3D glasses for cinemas, and later in the design of
3D glasses and consumer electronics, the company also provides comprehensive
services including the integration of 3D systems. This capital will serve to
strengthen the group's growth, and expand its international network by
strengthening existing teams. Volfoni also
plans to open offices in more countries as well as increase research and
development.
“Turenne Capital has chosen to
invest in Volfoni, as they are well aware of our company's growth and
development potential. Volfoni is the only company to offer continuous
innovation in the field of 3D cinemas, televisions, and displays. Right now,
our R&D team is working on products that will allow us to satisfy everyone
in the 3D market, " said Renaud Van Lith, CEO of Volfoni.
Volfoni will be present during
the Cannes Film Festival at the Village Pantiero – Rendez vous des Exploitants.
About Turenne Capital
Turenne Capital is an independent
portfolio management company founded in 1999 to provide private equity funding
to fast-growing companies. Turenne Capital has built a portfolio of several
dozen equity investments representing almost €350M under management and has
become one of the main independent player on growth capital and LBO
transactions for French small caps. Turenne Capital focuses on five key
sectors: manufactured goods, specialist retail, services, medical devices and
information technology.
