Nanostart Increases Stake in Microlight Sensors

Nanostart AG has increased its stake in Microlight Sensors from 19 to 31 percent by investing through its Nanostart Singapore Early Stage Venture Fund, the company has announced.

The increased share stems from payment of a second tranche from the round of financing concluded in 2010. The additional funds will be used toward commercial expansion, in particular buildup of marketing and sales structures in Asia, seed financing for orders and projects, and development of innovative sensor technologies.

Microlight Sensors, based in Singapore, designs and assembles fully integrated optical sensor and scanning systems for specialty applications in the homeland security and commercial spectral instrumentation systems market.

Nanostart AG provides venture capital financing for nanotechnology companies.

For more information, visit: www.nanostart.de