Fibre optic technology firm lands £1.2m investment

Optoscribe, a spin-out from Edinburgh’s Heriot-Watt University that specialises in fibre optic communications, has raised £1.2 million to ramp up its headcount and manufacturing capabilities.

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Optoscribe

02/05/2016

The oversubscribed funding round was led by business angel investment syndicate Archangels, which provided £825,000, supported by £325,000 from Edinburgh venture capital firm Par Equity, and £50,000 from the Scottish Investment Bank.

Archangels chief operating officer David Ovens said: “Supporting Scottish businesses to generate economic growth, innovate and create high-value, sustainable jobs is what Archangels is all about.

Founded in 2010 as a spin-out from Heriot-Watt, Livingston-based Optoscribe has developed unique technology for use inside communications systems for the data, telecoms and mobile phone markets. Its high-performance glass products connect optical fibres with arrays of emitters or receivers where space is limited and high bandwidth connectivity is essential.

The firm will invest its fresh funding in manufacturing facilities to allow it to scale the business and capitalise on opportunities for its technology, with a particular focus on its FCX (Fiber Coupled InterconneX) product line, targeted at the data communications market.

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