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- Envisics
Envisics Valuation, Funding & Investors
Envisics is valued at $500M as of September 2023.
Last Envisics valuation
$500M
Series C · Sep 2023
Last Envisics funding round
$50M
Series C · Sep 2023
Cumulative funding Envisics raised
$150M
across 3 funding rounds
Key investors in Envisics
General Motors Ventures
Hyundai Mobis
InMotion Ventures
M&G Investments
Tarsadia Investments
SAIC Venture Capital
About Envisics
Envisics is a holographic display technology provider for automotive applications, headquartered in the UK with operations in Detroit. The company develops laser-based holographic head-up displays offering high-brightness images visible in daylight for safer vehicle interfaces. Envisics partners with automakers like Continental and Valeo to integrate its HUD systems into production models from BMW and Jaguar Land Rover. The technology projects navigation, speed, and augmented reality overlays spanning full windshields in luxury sedans.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Valuation
$500M (Sep 2023)
Envisics Valuation
Envisics is currently valued at $500M, based on its Series C in September 2023.
The $50M round was led by M&G Investments, with participation from Van Tuyl Companies.
Envisics' valuation has grown 2.0x from $250M at its Series B in October 2020 to $500M in September 2023, across 3 priced rounds.
Envisics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2023 | Series C | $500M |
| Mar 2023 | Series C | $500M |
| Oct 2020 | Series B | $250M |
Envisics Funding History
Envisics has raised a total of $150M across 3 funding rounds.
Envisics' first fundraising round was a $50M Series B in October 2020. The most recent completed round was a $50M Series C in September 2023.
Envisics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2023 | Series C | M&G Investments (lead); Van Tuyl Companies | $50M | $500M | Envisics is a Milton Keynes, UK-based deep technology company specializing in dynamic holographic technology for augmented reality head-up displays (AR HUD) aimed at automotive applications, enabling safer and smarter vehicle interfaces by projecting interactive holographic information directly into drivers' views. The company partners with major automakers and suppliers like Hyundai Mobis, GM, Stellantis, and Jaguar Land Rover to develop next-generation mobility experiences. In March 2023, Envisics announced over $50 million in Series C funding, achieving a $500 million post-money valuation, doubling from the $250 million valuation in its 2020 Series B round of $50 million. The round was led by returning investor Hyundai Mobis, with participation from new strategic investors InMotion Ventures (Jaguar Land Rover) and Stellantis Ventures, alongside long-term backers GM Ventures and Tarsadia Investments (associated with Van Tuyl Companies). Funds support international expansion, product development, and commercialization, with first commercial AR HUD products on track for 2023 release, including a GM deal. Envisics operates in a rapidly growing AR HUD market, projected to expand from 1.6 million units in 2022 to 19.1 million by 2032 at a 28% CAGR, driven by demand for advanced display tech amid challenges in vehicle interior real estate for connected experiences. By June 2023, the company accelerated global growth by opening offices in Germany and Japan to better serve automakers. A follow-on Series C-II round of $50 million occurred on September 5, 2023, bringing total funding to around $150 million. |
| Mar 2023 | Series C | Hyundai Mobis (lead); Stellantis Ventures; InMotion Ventures; Tarsadia Investments; General Motors Ventures; Tarsadia Capital | $50M | $500M | Envisics is a UK-based deep technology company and global leader in dynamic holographic technology, specifically Augmented Reality Head-Up Displays (AR HUD) for automotive applications. The company's technology projects navigation, safety alerts, and other data on vehicle windscreens to create next-generation in-car experiences. In March 2023, Envisics announced a Series C strategic funding round led by Hyundai Mobis with over $50 million in new capital raised. The round attracted additional strategic investors including GM Ventures, Tarsadia Investments (and related Van Tuyl Companies), InMotion Ventures (the investment arm of Jaguar Land Rover), and Stellantis Ventures. The $50 million investment raised the company's post-money valuation to $500 million, doubling the $250 million valuation from the Series B round in 2020. This represented significant growth and investor confidence in the company's technology platform. The Series C round continued to expand through September 2023, when M&G Investments joined the consortium, bringing the total Series C funding to over $100 million. The capital was intended to accelerate product development and international expansion, with Envisics positioned as the only company to have created and delivered dynamic holographic technology as a viable product at scale across the global automotive industry. |
| Oct 2020 | Series B | Hyundai Mobis (lead); Van Tuyl Group; SAIC Venture Capital; General Motors Ventures | $50M | $250M | Envisics is a Milton Keynes-based developer of dynamic holographic technology for augmented reality head-up displays (AR HUDs) in vehicles. The company has created patent-protected technology that enables true holography across multiple planes and at different distances, positioning itself as the only company to have commercialized dynamic holographic technology at scale for automotive applications. In October 2020, Envisics closed its Series B strategic funding round, raising approximately $50 million from a consortium of automotive industry investors including Hyundai Mobis (which led the round and was an existing shareholder), General Motors Ventures, SAIC Motors, and Van Tuyl Companies. The funding was intended to scale business operations globally and accelerate development of next-generation holographic technologies to meet growing demand from leading automotive manufacturers. The company had established early commercial traction, with Jaguar Land Rover as its first OEM customer beginning in 2010, and was actively qualifying next-generation technology for series production at the time of the funding round. By March 2023, Envisics announced its Series C round which valued the company at $500 million, double the valuation from the 2020 Series B round, indicating significant growth in the intervening period. |
Who has invested in Envisics?
10 investors have backed Envisics across its funding rounds, including General Motors Ventures, Hyundai Mobis, InMotion Ventures, M&G Investments, Tarsadia Investments and SAIC Venture Capital.
Lead investors include M&G Investments and Hyundai Mobis.
Envisics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2020 | ||
| 2 | Participant | Oct 2020 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | Mar 2023 | ||
| 1 | Lead | Sep 2023 | ||
| 1 | Participant | Mar 2023 | ||
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Start Free TrialEnvisics Competitors
Envisics competitors include listed companies like Broadleaf, Alfa Financial Software and Cerence, and private ones like MAXIEYE, JOYNEXT and NASN Automotive Electronics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $447M | - | ||
| Publicly listed | $134M | $34M | $570M | 4.1x | ||
| Private | - | - | $577M | - | ||
| Publicly listed | $170M | $58M | $618M | 3.4x | ||
| Private | - | - | $400M | - | ||
| Publicly listed | $252M | $8M | $369M | 1.4x |
Envisics Public Comps
Envisics is still privately-owned, but its public comps include Broadleaf, Alfa Financial Software, DSC Holdings, Cerence, SaverOne, Catapult, Cover, Pinewood Technologies, Seeing Machines and Surgical Science.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $134M | $34M | 4.3x | 4.1x | 17.2x | - | |||
| $170M | $58M | 3.5x | 3.4x | 10.3x | 10.4x | |||
| $101M | ($10M) | 3.3x | - | (34.3x) | - | |||
| $252M | $8M | 1.7x | 1.4x | 52.9x | 6.2x | |||
| $335K | ($9M) | 1041.3x | - | (37.0x) | - | |||
| $141M | $15M | 4.3x | 4.0x | 40.8x | 20.6x | |||
| $317M | $34M | 1.9x | 1.9x | 17.6x | 9.8x | |||
| $54M | $22M | 12.2x | 12.1x | 30.1x | 29.9x | |||
This data is available for Pro users. Sign up to see all Envisics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Envisics
| When was Envisics founded? | Envisics was founded in 2018. |
| Where is Envisics headquartered? | Envisics is headquartered in Milton Keynes, United Kingdom. |
| Is Envisics publicly listed? | No, Envisics is a private, VC-backed company. |
| What is Envisics' valuation? | Envisics was last valued at $500M in its Series C in September 2023. |
| How much funding has Envisics raised? | Envisics has raised $150M across 3 funding rounds. |
| What was Envisics' last funding round? | Envisics' last funding round was a $50M Series C in September 2023, led by M&G Investments. |
| Who are Envisics' investors? | Envisics' investors include Hyundai Mobis, General Motors Ventures, Van Tuyl Group, Van Tuyl Companies, SAIC Venture Capital, Stellantis Ventures, M&G Investments, InMotion Ventures, Tarsadia Investments and Tarsadia Capital. |
| Which companies are comparable to Envisics? | Companies comparable to Envisics include MAXIEYE, Broadleaf, JOYNEXT, Alfa Financial Software, NASN Automotive Electronics and Cerence. |
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