Vixar raises $2.5M in Series B funding to commercialize VCSEL technology

Plymouth, MN--Vertical cavity surface-emitting laser (VCSEL) specialist Vixar raised $2.5M in Series B financing from Phoenix Venture Partners (PVP; San Mateo, CA) to commercialize its VCSEL technology. The funding enables the company to put in place the personnel and processes required for expanding its strategic partnerships and customers, and scaling its production capability.

The company's proprietary VCSEL technology allows its customers to design enabling products with improved performance attributes or footprints that were previously difficult to achieve, comments John Chen, general partner at PVP. Its characteristics enhance current trends toward miniaturization, power efficiency, and personalization of devices, and open up new markets for VCSELs, he adds.

Chen will become a member of the company's Board of Directors, joining Frank Levinson and Peter Davis, current angel investors in the company.

The company has already leveraged its Series A funding with government R&D grants and customer development funding to establish the technology and demonstrate its value in customer applications.

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