Microlight Sensors Pte Ltd., a Singapore-based company that develops, manufactures, and sells optical systems, instruments, and components for sensor technologies, has received an investment of undisclosed amount from Nanostart AG (OTCQX: NASRY).
With the transaction, the Nanostart fund takes an initial stake of 19% in the company. The capital will be made available in tranches and following distribution of the final tranche, the fund will own shareholdings of 31% in Microlight Sensors.
The investment, made by the Nanostart Singapore Early Stage Venture Fund, will be used for product development as well as financing expansion of the company’s business, in particular sales and marketing in Asia.
Founded in 2006 and led by founder and CEO Victor Teo, Microlight Sensors develops and assembles fully-integrated optical sensor and scanning systems for specialty applications in the homeland security and commercial spectral instrumentation systems market. In addition to current product lines, the company is also developing an entirely new generation of scanning optical equipment for imagery and spatial regeneration. The roadmap includes ultrasensitive sensor products based on nanomaterial technology.
Microlight Sensors has developed active partnerships with institutions and customers worldwide.