ENGO, a Grenoble-based company that makes AR sports glasses, has raised €5.1 million in funding. The round was led by Ventech, Odyssée Venture, and Bpifrance Amorçage Industriel.
The new funding will help ENGO hire 20 people and continue research to make its heads-up display even smaller. Unlike Meta and Even Realities, ENGO focuses on making its glasses lighter instead of just improving display features.
ENGO’s glasses weigh under 40 grams, which is about half as much as Meta’s Ray-Ban Display. The company also earns 90% of its revenue from outside France.
ENGO, based in Grenoble, makes augmented reality glasses for runners and cyclists. The company has raised €5.1 million in a funding round led by Ventech, Odyssée Venture, and Bpifrance Amorçage Industriel. Blueprint Partners helped guide ENGO through the process.
ENGO will use the investment to hire 20 new employees in marketing, business development, and engineering. The funds will also support efforts to make the glasses even smaller.
