poLight®, the global leader in high-speed, ultra-low power autofocus microlenses, closes a financing round of SEK 165 million ($20 million) in equity capital through a private placement among new investors and existing shareholders.
The private placement, which was oversubscribed, attracted several established leading Norwegian and international institutional investors. Current shareholders, including (among others) Investinor, Viking Venture, and Industrifonden account for approximately one third of the private placement.
Now the company aims to complete an IPO within one year. At the same time, the company continues its efforts to commercialize its leading autofocus lens – TLens® – for mobile phone cameras.