Vector Photonics raises £2.4m from Clean Growth Fund and Foresight WAE Technology to commercialise laser technology.
The round was co-led by Clean Growth Fund and Foresight WAE Technology to support the commercialisation of semiconductor lasers.
Share allotment filed at Companies House
Vector Photonics develops Photonic Crystal Surface Emitting Lasers to improve efficiency and reduce energy consumption across various industries.
Vector Photonics has secured £2.4m in a funding round co-led by Clean Growth Fund and Foresight WAE Technology. The investment also drew participation from existing backers UKI2S and Equity Gap, alongside new investor Scottish Enterprise. The Glasgow-based laser developer will direct the capital towards scaling its commercial operations and expanding its technical team.
The company is commercialising Photonic Crystal Surface Emitting Lasers, designed to offer high speed and power at a low manufacturing cost. Its initial product targets datacentre networks to improve energy efficiency, with future applications extending to quantum computing, optical sensing, LiDAR, and materials processing.
From the founder
"We are happy to welcome new investors in Clean Growth Fund and Scottish Enterprise, support from whom underlines our mission to bring high-efficiency PCSELs to market and in doing so, deliver emissions savings to a wide range of industries. Furthermore, this investment will allow us to grow our already world-leading technical team and create high-quality, green jobs here in Scotland. We are also pleased that Foresight WAE Technology Fund, UKI2S and Equity Gap have continued to support us on this journey."
Neil Martin
CEO at Vector Photonics
Investor perspective
"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."
Susannah McClintock
Investment Director, Clean Growth Fund
Use of funds
- 01Grow the team
- 02Continue product development
Investors
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About the company
Vector Photonics
Vector Photonics develops advanced semiconductor lasers for datacentres and industrial applications.