Everbright Photonics, a China-based laser-diode chip maker backed by photoelectronic instruments producer Up Optotech, has closed an RMB150m ($21.2m) series C round, China Money Network has reported.
The round was led by securities brokerage Huatai Securities and included Nanjing Daofeng Investment and SDIC (Ningbo) Technology Achievement Transfer Venture Investment Fund, a vehicle for state-owned investment holding group State Development and Investment Corp.
Founded in 2012, Everbright is developing high-power laser diodes and semiconductors for optical-driven applications in areas such as medicine, beauty, graphics, science and industrial technology.
The company has secured a total of more than $63m across five funding rounds, according to China Money Network, with Up Optotech investing an undisclosed amount in 2012.
An unnamed investment vehicle for Chinese Academy of Sciences joined SDIC Venture Capital and Suzhou Chengxin Venture Capital to provide $22m in series B funding for Everbright in August 2018, two years after a series A round of undisclosed size backed by East-Lake Venture Capital.
Image courtesy of Everbright Photonics.