Vector Photonics’ £1.6m equity investment for next generation laser commercialisation takes its seed funding round to £4m

Vector Photonics has received £1.6m of equity investment to commercialise its unique, PCSEL-based, semiconductor laser technology. The company’s PCSELs (Photonic Crystal Surface Emitting Lasers) revolutionise semiconductor laser manufacture and performance, with real benefits over existing laser technology in data communications; additive manufacturing, including metal and plastic printing; LiDAR; and optical sensing – some of the fastest growing technology markets in the world right now.

Neil Martin, CEO of Vector Photonics, said, “We are pleased to announce the £1.6m equity investment for Vector Photonics, which comes from a consortium of three specialist funding companies – Foresight, the UK Innovation & Science Seed Fund (UKI2S) and Equity Gap. This is in addition to three government grants worth £2.4m and takes our seed funding round to more than £4m – a fantastic achievement for a one-year-old, Covid era, University of Glasgow start-up.

“Each investment company adds its own unique value to our business and will have board representation. Foresight invests in high growth-potential companies with innovative and transformational technologies via the Foresight Scottish Growth Fund and Foresight Williams, a joint venture with Williams Advanced Engineering. UKI2S is a specialist deep-tech seed fund focused on spin outs from the UK’s research base. Equity Gap is an angel investment syndicate, investing early in new technology businesses throughout Scotland.”

Vector Photonics is a spin-out from the University of Glasgow, based on world-leading semiconductor research led by Professor Richard Hogg. The government grants, which came through Innovate UK, are ‘LOCAL’, optimising PCSEL technology for Datacoms; ‘Bloodline’, which is for 3D metal printing; and ‘Facilitator’, which is for 3D plastic printing.

Ends

For more information about Vector Photonics contact:

E: Neil.Martin@vectorphotonics.com

W: www.vectorphotonics.co.uk

Vector Photonics Ltd
c/o Wright, Johnston & Mackenzie LLP,
302 St Vincent Street,
Glasgow
G2 5RZ

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