Braveheart leads third funding round in fibre optic packaging firm
Funding set to facilitate development of leading-edge fibre optic technologies
AIM-listed growth capital investment specialist Braveheart has led a third round of funding for Conjunct Limited, a key constituent of its portfolio.
The funding round is worth around £340,000, and includes contributions from Braveheart, its clients and Scottish Investment Bank’s Scottish Co-Investment Fund.
The new funding will enable Conjunct, a global leader in the development of fibre optic cable solutions, to refine its ground-breaking packing solution, Fibre-Lyte.
Geoffrey Thomson, chief executive of Braveheart, said: “Conjunct is now well-placed to take advantage of the high demand for innovative optoelectronic solutions such as Fibre-Lyte, and is now in advanced discussions with the leading market players in optical systems.”
Ken Allstaff, CEO of Conjunct, commented: “We are keen to move to the next stage of the Company’s growth, and are delighted to have again secured backing from Braveheart to allow us to offer Fibre-Lyte at costs and quantities which will enable continued market traction.”