Quantum Innovation Fund led the Series B round, with participation from IQ Capital and National Grid Partners.
"We believe that the road to net zero presents an opportunity as well as a risk for global enterprises and our unique combination of technology combined with world-class risk science supports our clients to mitigate risks, as well as capitalise on opportunities. With companies under increasing regulatory and shareholder pressure to understand, report and mitigate their potential climate impact, this additional equity funding will help us support them at each stage of their journey."
The round was co-led by Clean Growth Fund and Foresight WAE Technology to support the commercialisation of semiconductor lasers.
"We are excited to be partnering with the Vector team as they pioneer a major revolution in laser technology. Lasers are ubiquitous, and we recognise the significant carbon savings that PCSELs can deliver by increasing energy efficiency across many applications. These efficiency savings are initially targeted at the large and growing emissions problem of datacentres, but the opportunity to deliver emissions savings is much wider. Clean Growth Fund was established to invest in the very best clean tech innovators across the UK and so we are delighted that Vector Photonics is our first investment in Scotland. The team combines world-leading technical and commercial expertise and we are excited to support one of the leading innovators in Scotland’s photonics ecosystem to address the climate crisis."
Cambridge Angels led the seed round with backing from Manchester Angels and NorthInvest.
"New 2D materials for membranes are needed to improve sustainability, accessibility and tackle one of the world's greatest problems – delivering clean fresh water for all."
