Recently, Luxembourg-based Artec 3D secured €15 million in venture debt financing from the European Investment Bank. Over the next three years, the funds will primarily support the development of a new generation of 3D scanners and data processing algorithms. The R&D efforts will be centered at the company’s Luxembourg headquarters, with some activities also taking place at its Portuguese branch.
The financing project is backed by the European Commission’s “InvestEU” program.
Founded in 2007, Artec 3D is a global company headquartered in Luxembourg, with branches in China (Shanghai), the United States (Santa Clara, California), Montenegro (Bar), Japan (Tokyo), and Portugal (Lisbon). The company specializes in developing and manufacturing innovative 3D scanning solutions and related products.