M Squared: M Squared Announces 32.5M in Financing

Photonics and quantum technology developer M Squared announced £32.5 million in financing to accelerate growth and advance quantum technology. Santander UK is providing a £20 million debt facility that allows the company to fund the acquisition of a substantial part of BGF's current shareholding, as well as to fuel the next state in business and technological growth. The Scottish National Investment Bank will provide £12.5 million in growth capital.