NLight raises $17.5M more to help fund future growth
Friday, August 19, 2011
Vancouver — Vancouver-based nLight has raised $17.5 million in private equity funding, bringing to $110 million the equity funding it has raised since its founding, the company announced Thursday.
Existing investors that put up additional funds include Oak Investment Partners, Mohr Davidow Ventures and Menlo Ventures.
The company is profitable, and booked more than $60 million in orders in the first half of 2011, according to a press release. Additional funding will allow it to expand sales of its semiconductor-based lasers and accelerate growth, CEO Scott Keeney said in a statement.