Brief
Direct-to-Shape Printing Company Velox Raises $32 Million
The Israel-based company develops and manufactures industrial-grade direct-to-shape digital decoration products for rigid containers
16:1213.11.18
Israel-based direct-to-shape printing company Velox Ltd. has raised $32 million, the company announced Tuesday. The round was led by JAL Ventures and Tel Aviv-listed O.R.T. Technologies, with the participation of investors including German chemicals companies Altana AG and Evonik Industries AG. Founded in 2012, Velox develops and manufactures industrial-grade direct-to-shape digital decoration products for the rigid container industry. The company employs over 60 people in Israel.
Velox co-founders Adrian Cofler (left) and Marian Cofler. Photo: Velox Ltd.
In June, Altana partnered with investment company SKion GmbH, both owned by German businesswoman Susanne Klatten, to invest $300 million in Israel-based Landa Digital Printing, a division of Landa Corporation Ltd. Building on a former investment Altana made in 2014, the two companies now own a 46% stake in Landa Digital Printing.
![Velox co-founders Adrian Cofler (left) and Marian Cofler. Photo: Velox Ltd. Velox co-founders Adrian Cofler (left) and Marian Cofler. Photo: Velox Ltd.](https://pic1.calcalist.co.il/PicServer3/2018/11/13/860526/2L.jpg)