PowerPhotonic Third Round Funding Supports Steady Growth.
World leader in precision laser micro-optics strengthens business with new funding to support growth
PowerPhotonic today announced the successful completion of a new round of investment funding aimed at strengthening the business ahead of a major push to expand the business in North America.
Existing investors Archangel Informal Investment, TRI-Cap, Scottish Enterprise’s Scottish Seed Fund (SSF) and PowerPhotonic’s founders and directors participated in the latest round. The deal is intended to support strategic customer development and further sales in the defense and industrial sectors in the USA.
TRI Cap chairman Robert Dick commented: “It is extremely positive to see PowerPhotonic strengthen its position in its marketplace. TRI Cap members have been pleased to retain our association with the business.”