Quintura Kids Quintura Cook Quintura Search


Русский | English

Spectralus Raises $3 Million from S-Group Ventures

Files under: News, Tech
Posted by: Quintura @ 01:08 [23. 09. 09]

S-Group Ventures, a 1.8 billion Ruble ($60 million) venture capital fund between Russian Venture Company (RVK) and S-Group Capital Management, has invested $3 million in Spectralus, developer of periodically poled nonlinear crystals and laser products, reported CNews.

Founded in 2003, Spectralus Corporation (Спектралюс) developed a green laser microchip for use in mobile projectors. Spectralus makes periodically poled MgO-doped LiNbO3 (PPMgOLN) crystal products. The company, which is headquartered in Santa Clara, California, has a Russian subsidiary company in Moscow. Spectralus founder and CEO Stepan Essaian previously worked as Chief Scientist for Solid State Photonix/Teraburst Networks and before that at National Semiconductor. Stepan Essaian holds D.Sc. and Ph.D in Solid State Physics and Optoelectronics from Ioffe Physico-Technical Institute in St. Petersburg, Russia.

S-Group Direct Investments fund (SGDI), which is under the management of S-Group Capital Management, is a controlling shareholder of Spectralus Corporation.

S-Group Capital Management is a private equity and venture capital management company based in Moscow, Russia. The main benefactor of the company is Alexei Mordashov, the key shareholder and CEO of multinational steel company Severstal.

Tags: , , , , , , ,