Laser company secures £750,000 backing to fund expansion

Laser instrumentation maker UniKLasers has closed a £750,000 financing round led by business angel network Par Equity with support from The Scottish Investment Bank.

The UniKLasers investment is the second that Par Equity has made since its recent partnership with British Business Investments through the Regional Angels programme.

It takes UniKLasers’ total funding since 2017 to £2.3 million.

UniKLasers will use the funding to expand and upgrade its manufacturing and R&D capability, continue to build its international sales and marketing pipeline and significantly increase its workforce.

The company said it would help them to capitalise on a market estimated to be worth $1.46 billion (£824 million.)

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