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M Squared Lasers

M Squared Lasers designs and manufactures lasers and photonic optical instruments that bring new capabilities, higher reliability and greater ease of use to a diverse range of industrial and scientific applications, including remote sensing, frontier science, bio-photonics, defence, microscopy, spectroscopy and metrology.

More specifically, the lasers are being used in innovative science projects such as teleporting information, creating the world’s most accurate clocks and quantum computing, which looks to use quantum mechanics to produce vastly more powerful computers.

The company is headquartered in Glasgow, and was founded in 2005. It now has an additional three offices across the US – including Silicon Valley - and works with a range of blue chip partners and research institutions the world including Thales, Philips, Osram, Oxford University, MIT and Stanford.

BGF first invested £3.85 million in April 2012 and invested a further £1.65 million in June 2016 and since then the business has more than doubled its revenues.

M-Sqaured

Venture capital impact

  • AVERAGE ANNUAL AVERAGE GROWTH OF 40% SINCE INITIAL INVESTMENT (AS OF JUNE 2016)

  • INVESTMENT HELPED TO FUND M SQUARED LASERS’ RESEARCH AND DEVELOPMENT PROGRAMME AS WELL AS ITS SALES AND MARKETING EFFORTS

  • REVENUES MORE THAN DOUBLED EVERY TWO YEARS (2012-2016)

  • CURRENT SALES EXCEEDING £10M (TO MAY 2016)

  • AWARD - QUEEN’S AWARD FOR ENTERPRISE IN 2016 AND 2017

  • AWARD – BLOOMBERG BUSINESS INNOVATOR 2016

Achievements

WINNER - BVCA MANAGEMENT TEAM AWARDS 2016

  • MID-MARKET TEAM OF THE YEAR (JOINT WINNER) - SCOTLAND



Location
Glasgow

Backers
BGF: 2012 - present