WaveOptics, Ltd. announced that it has received £20,000,000 in its series C round of funding led by existing investor, Octopus Ventures Ltd. on December 11, 2018. The company issued common shares in the transaction. The transaction included participation from new investors, Goertek Inc. (SZSE:002241) and Optimas Capital Partners Fund, and existing investors, IP Group Plc (LSE:IPO), Gobi Partners, Robert Bosch Venture Capital GmbH, a fund managed by Robert Bosch Venture Capital GmbH.

The company received funding in tranches with IP Group Plc (LSE:IPO) for £3,700,000 in its first tranche closing.