Maven invests £2.6 million in advanced laser systems pioneer

A pioneer in advanced laser system, PowerPhotonic, has received a combined £2.6 million investment from Maven. The funding, which follows £2.7m investment by Archangels and Scottish Enterprise over the last 24 months, includes investment from the Maven Income and Growth VCTs and the Maven-managed Investment Fund for Scotland.

Headquartered in Dalgety Bay, Scotland, with a high-volume manufacturing facility in Arizona, USA, PowerPhotonic is a global leader in precision micro-optics for laser applications. The company designs and manufactures complex freeform optics that are essential to enhancing the performance and reliability of laser systems used in demanding sectors such as aerospace, defence, medical devices, and semiconductor manufacturing.

PowerPhotonic’s proprietary, IP-rich technology enables it to manufacture highly complex glass optics with exceptional precision. Unlike traditional methods, its innovative process can deliver high efficiency, high performance freeform optics, resulting in more reliable, efficient components that enhance laser performance. This unique capability has positioned the business as a trusted partner to some of the world’s leading technology firms.

The business is strategically positioned within high-growth sectors where lasers are being increasingly adopted to drive innovation and operational efficiency. Maven’s investment will support further revenue growth across the company’s UK and US operations, fund expansion in sales and marketing, and help target new high-growth verticals. 

Roy McBride, Founder and Director of Strategy and Growth at PowerPhotonic and Amanda Robertson, Group CEO at PowerPhotonic

"The successful close of this funding round marks a significant milestone as we accelerate our growth across the US and UK. With a strong and loyal customer base and access to high-growth markets, we’re now in a prime position to unlock new opportunities and deliver even greater value. This investment reinforces our strategic vision and the confidence our partners have in our trajectory."

Roy McBride, Founder and Director of Strategy and Growth at PowerPhotonic

"PowerPhotonic’s commercially proven technology, strong IP portfolio and experienced team underpin a highly scalable business with significant global potential. The company operates in sectors where demand for precision optics is accelerating, and its ability to deliver complex, high-performance components sets it apart. We are excited to support PowerPhotonic’s next phase of growth and believe the business will significantly benefit from the value-add of a strategic investor with significant experience in growing businesses globally."

David Milroy, Partner at Maven

“We’re pleased to support PowerPhotonic as it gears up for expansion. With rising demand across high-growth sectors like aerospace and life sciences, expertise in delivering complex, high-precision components means the business is well-positioned to meet this need. We look forward to backing its growth in the UK and US, helping to create skilled jobs and strengthen Scotland’s advanced manufacturing sector.”

Sarah Newbould, Senior Investment Manager, Nations and Regions Investment Funds, at the British Business Bank

This transaction marks the latest investment made by IFS Maven Equity Finance, showcasing Maven’s strong track record of identifying and nurturing high potential businesses across Scotland. To date the Fund has backed a number of ambitous business including, mobile app security software business, Approov, gene control University spin-out, Concinnity Genetics, B-Corp accredited water treatment business, Scotmas Group and premium Indian ready meals business, Praveen Kumar.