Maven Capital Partners has invested £2.6 million in PowerPhotonic, a precision optics specialist. This investment, part of broader financial support from Maven Income and Growth VCTs and IFS Maven Equity Finance, will aid PowerPhotonic in executing its growth plans in the US and UK markets. Previous funding of £2.7 million from Archangels and Scottish Enterprise over the last two years has prepared the company for this expansion, particularly enhancing its Arizona operations. PowerPhotonic produces freeform micro-optics crucial for high-power laser systems across several industries, including aerospace and healthcare, utilizing advanced manufacturing methods.
Maven Capital Partners has invested £2.6 million in PowerPhotonic, emphasizing its growth plans supported by previous funding from Archangels and Scottish Enterprise. This funding will help the precision optics specialist scale operations and expand its Arizona manufacturing base, enhancing its sales and marketing efforts.
PowerPhotonic specializes in designing and manufacturing freeform micro-optics critical for the performance of high-power laser systems, which is vital in industries like semiconductor fabrication and medical devices.
Amanda Robertson remarked on the investment's significance, indicating it enables cutting-edge innovation and greater collaboration, expressing eagerness to leverage the strong foundation for future growth.
David Milroy noted PowerPhotonic's significant global potential, driven by strong intellectual property, and highlighted the scalability of the business in diverse sectors demanding advanced laser technology.
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