E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers S > Headlines for Seren Photonics Ltd. > News item
Published on 3/8/2012 in the Prospect News PIPE Daily.

Seren completes £1.8 million equity offering with group of investors

Investors included I2BF Global Ventures, Fusion IP, IP Group

By Devika Patel

Knoxville, Tenn., March 8 - Seren Photonics Ltd. settled a £1.8 million equity sale, according to a press release from parent company Fusion IP plc.

Investors included I2BF Global Ventures, which invested £1.1 million, Fusion IP plc, which invested £300,000, and IP Group plc, which invested £400,000.

Proceeds will be used to purchase key capital equipment for HB LED pilot scale development and create a specialist engineering team for the transfer of Seren's processes to its commercial manufacturing partners.

Seren Photonics is a private LED technology company based in Sheffield, England.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.