Lighthouse Tech builds momentum ahead of the next financing round
USI Startup Centre
17 July 2023
Existing solutions like the white cane can help blind and vision impaired people move around but are not designed to protect the user above the waistline. Lighthouse Tech, a startup that developed a smart eyewear frame that tackles this challenge without compromising on comfort, style and aesthetics, is gathering recognition in Switzerland and abroad while looking to close the seed financing round.
After being selected among the 12 finalists at the Wearable Tech World Cup 2023 and securing third place in the Health&Nutrition vertical of the >>venture>> startup competition, Lighthouse Tech has been recently nominated as one of the finalists for the XXVII Grand Prix Möbius Suisse 2023. The startup has also been selected as one of the 12 teams to compete in the “Mobility For All” idea contest by Toyota Mobility Foundation, which provides funding and support for the development of accessibility solutions for society. Furthermore, it will be the only Swiss startup among 186 participants in the 2023 MassChallenge U.S. Early-stage Programme. These recent achievements provide a strong foundation for the fundraising efforts that the team aims to close before the end of the year.
The pre-production prototype is ready
In the past few months, the team has been busy showcasing the pre-production prototype of their first product, LTH01, at different trade fairs around the globe. The roadshow kicked off in January in the Swisstech pavilion at CES Las Vegas (USA) and continued at MIDO in Milan (Italy) and at Medica in Düsseldorf (Germany). The product gathered positive feedback regarding its characteristics as a MedTech device and its unique design.
Unlike other smart mobility solutions, the device developed by Lighthouse Tech is discreet, highly intuitive and fashionable. It inspires confidence in the user, thus helping to fight social stigma, and increases the user's independence level, not only outside but also in familiar surroundings. The product is currently under testing with selected beta users, representing the blind and low vision market, and with patients going through specific medical rehabilitation procedures.
Seed round to enhance R&D and enter the market
The company is currently raising a seed round in order to prepare the device for mass production and fulfil the strong interest of many international distributors. With a valid core team with complementary backgrounds composed of Franco Burlando, Nathan Deutsch and Andrea Moroni Stampa, Lighthouse Tech is supported by a strong Advisory Board, including Moreno Menghini (Head of Ophthalmology at Ospedale Regionale di Lugano - Civico e Italiano and lecturer at USI) and Carlo Guareschi (Sales, Business Development & Strategy Consultant, previously VP at ST Microelectronics).
For more information, you can follow Lighthouse Tech on their Linkedin profile or contact the team at www.lighthousetech.ch, where you can also register for the next beta-testing phases or find more details on the current financing round.