Optoscribe Secures £1.2M Investment for Expansion
LIVINGSTON, Scotland, April 28, 2016 — Optoscribe has reported a £1.2 million (about $1.8 million) investment, which it intends to use to expand personnel and manufacturing space and capabilities.
Optoscribe develops 3D photonic components for use inside communications systems. Courtesy of Optoscribe.
The fundraising was led by technology-focused angel fund Archangels, which provided £825,000, along with support by Edinburgh-based venture capital fund Par Equity with £325,000 and Scottish Investment Bank, which invested £50,000.
Optoscribe was founded in 2010 as a spin off business from Heriot Watt University, and has developed 3D photonic components for use inside communications systems in the data communications, telecommunications and mobile phone markets. The technology enables Optoscribe to produce high-performance products that connect optical fibers with arrays of emitters or receivers where space is limited and high-bandwidth connectivity is essential.