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Optoscribe Secures £1.2M Investment for Expansion

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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.
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.


EuroPhotonics
Sep 2016
GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
BusinessfundingEuropeScotlandOptoscribefiber opticsmanufacturingCommunicationsarchangelspar equityScottish investment bankphotonicsEuro News

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