Southampton, UK Mesophotonics , a developer of photonic crystal technology, has closed a $10 million second round fund raising.
Quester led the investment alongside participating investors that include Auriga Partners (Paris), NIF Ventures Co. Ltd (Tokyo) and existing investor BTG Ltd. As part of the investment Jamie Brooke, of Quester, and Franois Laine, of Auriga Partners, are set to join the board of directors of Mesophotonics.
Mesophotonics was founded in 2001, to build on nine years of research at the University of Southampton, to develop photonic crystal devices, design products and take them to market.
The money would be used to take Mesophotonics from prototyping to a product development phase aimed at bringing a new class of photonic crystal optical devices to the market within two years, Mesophotonics said.
"The possible markets for Mesophotonic's technology are vast and this new funding puts us on a firm footing to complete commercialization of our exciting ideas. The team is already designing products to meet the visible light source demands of next generation projection display and optical storage manufacturers," James McKenzie, chief executive officer of Mesophotonics, in a statement.