Optoscribe Completes Investment Round

Optoscribe, a supplier of glass-based integrated photonics components, has closed a Series B investment round of £1.8 million ($2.3 million) in line with its expansion and product supply plans.

The funding was led by Scottish business angel investment syndicate Archangels and supported by its other existing investors, Par Equity, Scottish Investment Bank and the Optoscribe management team.

Optoscribe produces optical components at a wafer level, primarily aimed at high-volume optical transceiver manufacturers supplying the data center market. The company’s solution enables simple and precise coupling of optical fibers to arrays of laser emitters and photodetectors within optical transceivers.

“We have delivered significant growth and shareholder value over the past 18 months,” said Nick Psaila, CEO of Optoscribe. “The recent opening of our new manufacturing facility has further enhanced our ability to supply volume products and support our customers’ needs. This investment round will enable the company to continue our focused growth plans and expand both our product portfolio and supply base.”