The financing round was led by SCVC with participation from a group of institutional investors and agencies.
"Essentially, our technology generates very small droplets which are ideal for peripheral inhalation drug delivery, and also the potential for systemic drug delivery through the inhalation route rather than via injection."
The Oxford spinout secured £9.2m from new and existing backers to scale its smart hot water technology.
"Mixergy is launching a new integrated heat pump cylinder in the Spring, which uses our top-down heating technology, with a small heat pump attached to the cylinder. It will heat water 10x faster than conventional integrated heat pump cylinders (usable hot water in under 30 min), and connect to the grid."
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."