UK-based BlazePhotonics, a photonic crystal fibre producer, has received its first round of funding.
Celtic House Investment Partners led the GBP9 million first round funding for University of Bath spinout, BlazePhotonics. Quester Capital Management also participated.
The company produces next generation photonic crystal fibre, which was invented by the University’s Optoelectronics Group.
The funding will be used to establish a custom built facility and grow the company’s research and development operations. The University will be a significant shareholder in the company and will vest its existing and future IP arising out of research in photonic crystal fibres in the company.
Seed funding was provided by Sulis Seedcorn Fund, a GBP5 million University Challenge Seed Fund, managed by Quester on behalf of the Universities of Bath and Bristol.