Michigan State University spin-out BioPhotonics raises $2m in venture backing from angels.

The Michigan Angel Fund (MAF) has invested $2m in laser manufacturer BioPhotonics Solutions.

The Michigan State University spin-out, founded in 2003, is commercialising laser technology which improves the usefulness of lasers in surgery, biomedical imaging and other applications.

The money has been used to attract new management to the company.

Marcos Dantus, the professor behind BioPhotonics research, said: “Closing on this investment is an integral part of the strategy set in motion last year to grow the company. Thanks to (MAF managing director) Skip Simms, we were able to hire Kiyomi Monro, an industry leader with excellent track record, as the new CEO.”