Laser Wire Solutions secures £275k equity investment from Finance Wales and angel syndicate
Finance Wales and xénos-syndicated angels back Laser Wire Solutions to commercialise its technology.
Laser Wire Solutions manufactures advanced laser-based wire-stripping equipment derived from aerospace insulation-removal technology.
Laser Wire Solutions has secured a £275k equity investment package led by Finance Wales alongside business angels syndicated through xénos and the South West Angel and Investor Network. The funding will allow the company to commercialise its existing product range, expand its technology, and drive sales and marketing efforts.
The capital supports the firm as it relocates to larger premises in Treforest and expands its headcount with new sales and engineering staff. The investment is structured to be compliant with the Seed Enterprise Investment Scheme, providing strategic backing as the company targets expansion.
From the founder
"LWS was supported under our High Potential Starts programme so it’s good news to hear it is reaching its potential and expanding. The investment package also highlights the range of support available in Wales to help companies grow, develop and commercialise new products and create jobs."
Edwina Hart
Economy Minister at Laser Wire Solutions
Investor perspective
"Paul can now benefit from the angels’ investment as well as a wealth of expertise and experience. The angel investor syndicate also benefitted from the Seed Enterprise Investment Scheme (SEIS) introduced in 2012 which offers investors significant tax incentives from investments in early-stage companies."
David Maas
Manager, xénos
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
- 03Grow the team
- 04Expand into international markets
Investors
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About the company
Laser Wire Solutions
Laser Wire Solutions manufactures laser-based wire-stripping products for high-value electrical systems.