Vixar Raises $2.5M in Series B Funding from Phoenix Venture Partners

April 30, 2012

Plymouth, MN: Vixar, a supplier of high performance, energy efficient, optoelectronic components and subassemblies, raised $2.5M in Series B financing from Phoenix Venture Partners (PVP).

Vixar specializes in components and custom subassemblies of a type of semiconductor laser known as a VCSEL (Vertical Cavity Surface Emitting Laser). These devices enable miniaturization and improved energy efficiency for wireless industrial and medical sensors, the reduction in size and cost of medical diagnostic equipment for personalized medicine, and higher speed, lower cost links for consumer-based networks and equipment. The Series B funding allows Vixar to put in place the personnel and processes required for expanding our strategic partnerships, customers, and scaling our production capability.