I2BF leads £1.8m Seren Photonics funding round

I2BF Global Ventures invested £1.1m, IP Group invested £400,000 and existing investor Fusion IP contributed £300,000. Following the deal, Fusion IP will hold 40.2% of undiluted shares in the company.

Company
Seren Photonics is a technology spin-out from the University of Sheffield, specialised in developing more efficient LEDs. The company has developed LEDs that either run for a longer period of time or shine brighter.

Seren Photonics' product has applications for laptops and TVs, domestic appliances and street lighting.

People
David Waserstein, partner and director, led the deal on behalf of I2BF Global Ventures. Operations director Peter Grant represented Fusion IP. Carl Griffiths is CEO of Seren Photonics.

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