Archangels leads funding round
Photonics firm Optoscribe raises £1.8m
Optoscribe, a global supplier of glass-based integrated photonics components, has closed a series B investment round of £1.8 million in line with its expansion and product supply plans.
The funding was led by Scottish business angel investment syndicate, Archangels, with support from Par Equity, Scottish Investment Bank and the Optoscribe management team.
Nick Psaila, chief executive at Optoscribe, said: “We have delivered significant growth and shareholder value over the past 18 months.
“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.”
David Ovens, chief operating officer at Archangels, said: “This is a very exciting time in Optoscribe’s development. The company has a strong management team and a clear vision in a large and expanding market segment.”