The Artec 3D Method – Silicon Luxembourg

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Mature 3D scanner tech firm Artec 3D raised €15m in a loan through the EIB. President and CEO Artyom Yukhin explains.

Can you tell us what motivated Artec 3D to seek funding from the European Investment Bank (EIB) rather than traditional equity investors?

Artyom Yukhin: For 18 years, Artec 3D was fully self-funded and profitable from its early years, which allowed the company to avoid equity-based funding. The motivation to seek EIB financing was not financial necessity, but rather recognition of the company’s strategic importance to…



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The Artec 3D Method – Silicon Luxembourg


Mature 3D scanner tech firm Artec 3D raised €15m in a loan through the EIB. President and CEO Artyom Yukhin explains.

Can you tell us what motivated Artec 3D to seek funding from the European Investment Bank (EIB) rather than traditional equity investors?

Artyom Yukhin: For 18 years, Artec 3D was fully self-funded and profitable from its early years, which allowed the company to avoid equity-based funding. The motivation to seek EIB financing was not financial necessity, but rather recognition of the company’s strategic importance to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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