Highcon Raises $20M for Global Reach, Development of Finishing Solutions
YAVNE, Israel — June 29, 2017 — Highcon, the inventors of the digital cutting and creasing solution transforming the post-print market, announces a new round of funding led by Jerusalem Venture Partners (JVP), joined by existing investors: Landa Ventures, LR Group, OurCrowd, and Go Capital. The $20 million financing round will go toward further growing the global reach and product development of Highcon’s digital finishing solutions.
Highcon is disrupting the global printing industry — predicted to reach $980 billion by 2018 — by transforming traditional print applications such as packages, greeting cards, folders, and large format display items. The folding carton segment and commercial printing markets are worth $82B and $167B respectively.
The Highcon solution enables printers and packaging converters to offer differentiated, premium services not possible with traditional systems by introducing automation into an industry that still relies on manual processes. Through its patented Digital Adhesive Rule Technology, the company’s products create crease lines and unique high-speed, high-quality laser solutions are used for cutting and etching, driving the way to achieving the vision of Industry 4.0. Technology. The system accelerates the creation of custom packaging and paper products on-the-fly without the intermediary, expensive, and time-consuming step of diecutting.
Since the launch of the first Highcon machine at drupa 2012, the company has installed more than 50 machines worldwide. Highcon solutions replace the expensive and slow conventional die-making and setup process with a digital technology that bridges the gap between design creativity and production capability, delivering improved responsiveness, design flexibility, and the ability to perform a wide range of applications in-house.
“We believe Highcon will be the next Israeli print giant,” says Raffi Kesten, JVP managing partner. “Highcon’s field-proven digital technology is bringing about a radical change in a field that has shown little innovation in decades. Their solutions create customized products that jump off the shelf for consumers. We focus on companies with the potential to shape global markets, and Highcon is one of them.”
Commenting on this investment, Aviv Ratzman, Highcon CEO and co-founder, said, "This latest investment round demonstrates that the printing industry is ready to reap the benefits of our disruptive technology. The global printing industry has been dominated by Israeli digital printing technology for decades. We’re bringing that tradition to the next level.”
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Printing Impressions.