Ondax Closes $2M Financing Round
Ondax, Inc., a Monrovia, CA-based designer and manufacturer of Volume Holographic Grating filters (VHGs) and wavelength stabilized, semiconductor lasers for the industrial, defense, scientific and medical markets, closed a $2m financing round.
The investment was led by existing backers Prospector Equity Capital and Arcturus Capital, with participation from employees and members of the company’s Board, including President and CEO, Randy Heyler. A group of individual investors affiliated with the Pasadena Angels and Tech Coast Angels led by Andrea Belz, President of Belz Consulting Group, invested over $300,000.
Andrea Belz has also joined the company’s board as an observer.
Founded in 2001, Ondax manufacturs commercial VHG filters that are designed to provide OEM customers across the globe with wavelength stabilization, spectral and temporal control for lasers and laser-based systems, and enhance the optical performance and resolution of spectroscopy systems.