Braveheart Investment Group has completed a £340,000 funding round for Livingston-based fibre optics developer Conjunct.
Braveheart Investment Group has completed a £340,000 funding round for fibre optics developer Conjunct.
The AIM-listed growth capital manager says other investors in the round include the Scottish Investment Bank and several individuals in the Braveheart investor network.
Livingston-based Conjunct, which is developing a high-speed internet transceiver called ‘Fibre-Lyte’, will use the £340,000 investment to complete development and distribution of the product.
Geoffrey Thomson, chief executive of Braveheart, says: ‘With this investment Conjunct is now well placed to take advantage of the high industry demand for innovative electronic solutions such as Fibre-Lyte.’
Conjunct sees the Fibre-Lyte transceiver, which boasts speeds of 300 gigabytes per second, as an answer to growing demands for faster internet data transfer and has confirmed the investment will also help to development a new version of the product.
Ken Allstaff, CEO of Conjunct says: ‘We are keen to move to the next stage of the company’s growth and Braveheart’s investment allows us to offer Fibre-Lyte at costs and quantities which will enable continued market traction.’
Thomson adds: ‘Since the investment, Conjunct is now in advanced discussions with all the leading market players in optical systems.’