Major funding announced by Irish laser company

Eblana Photonics, the Irish based provider of advanced laser products for broadband access communications, has announced that the company has secured a $4.5m (€4.2m) investment in a 'Series B' fundraising.

Eblana Photonics, the Irish based provider of advanced laser products for broadband access communications, has announced that the company has secured a $4.5m (€4.2m) investment in a 'Series B' fundraising.

The latest investment has been led by TLCom Capital Partners, the London-based pan-European venture capital firm specialising in the communications and information technologies sector.

This round brings the total funds raised by Eblana Photonics, founded in December 2000, to $7.75m (€7.24m).

Existing investors, ACT Venture Capital and Enterprise Ireland, also participated in the financing.

Eblana Photonics was set up to commercialise technology developed in a photonics research programme involving Trinity College Dublin, the Irish National Microelectronics Research Centre (NMRC) and Enterprise Ireland.

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