EssilorLuxottica Acquires Lynx Assets and Team After XR Startup's $6 Million Funding Run
Updated
Updated · roadtovr.com · Jul 16
EssilorLuxottica Acquires Lynx Assets and Team After XR Startup's $6 Million Funding Run
1 articles · Updated · roadtovr.com · Jul 16
Summary
EssilorLuxottica has taken over Lynx’s IP, assets, name, databases, code and most of its team, with founder Stan Larroque saying legal approvals could still take months to fully smooth operations.
The sale follows March judicial liquidation proceedings for parent company SL Process after restructuring failed, effectively forcing a disposal of assets to cover debts.
Larroque is not joining the buyer after eight years building Lynx and is instead moving to drone maker Parrot for a leadership role alongside CEO Henri Seydoux.
Lynx-R2’s fate remains unclear under its new owner, whose existing Meta partnerships through Ray-Ban and Oakley smart glasses may leave little room for a Quest-style headset.
Founded in 2019, Lynx raised about $6 million in total—including a $2 million seed round, an $800,000 Kickstarter and a $4 million Series A—but struggled with Europe’s tough hardware funding market.