Dundee-based corporate finance house DC Consulting has attracted a £1 million package of investment for Calnex Solutions Ltd, a pre-revenue business based in Linlithgow which is about to launch a range of products into the telecommunications test instrumentation market. Led by Discovery Investment Fund along with a number of individual investors, the package also includes SPUR support and matched equity funding from Scottish Enterprise’s Scottish Co-Investment Fund.
Month: January 2008
High tech spin-out PowerPhotonic secures £0.5 million funding package
PowerPhotonic Ltd, a high tech spin out from Heriot Watt University, has secured funding of more than £½ million in a deal led by Archangel Informal Investment, which syndicated part of the equity to angel syndicate TRI Cap. PowerPhotonic Ltd has developed world-leading micro-optical fabrication technology and the transaction, which includes SMART Scotland funding, enables the company to compete in high power industrial laser and optical communications markets valued at $2.6 billion per annum.
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