On September 10, 2019, WaveOptics, Ltd. closed the transaction. The company has amended the terms of the transaction. The company has received aggregate proceeds of £30,000,000 in its series C round of funding.

The company has received £10,000,000 in additional funding from Goertek Inc. (SZSE:002241) and new investor HOSTPLUS Superannuation Fund in this closing tranche. The company has raised £49,000,000 in funding till date. The transaction was oversubscribed.