Phlux raises $11.7m in Series A funding led by BGF, with participation from Octopus Ventures, Northern Gritstone, and Foresight. The funds will be used to accelerate expansion into optical communications and sensing industries.
Apr 02, 2025•9 months ago
Amount Raised
$11.7 Million
Round Type
series a
SheffieldManufacturingInvestors
ForesightNorthern GritstoneOctopus VenturesBgf
Description
Phlux has secured $11.7 million in Series A funding for its expansion into optical communications and sensing. This round was led by BGF, with existing backers Octopus Ventures, Northern Gritstone, and Foresight participating. The investment will help Phlux scale its team, ramp up production, and launch new products targeting these sectors. The company aims to enhance global connectivity through its advanced sensor technology.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech