pureLiFi
£10m investment in Edinburgh-based global technology leader, supporting development of ultra high speed data transmission using the light spectrum.
''This investment will support pureLiFi as they scale up, allowing them to take this innovative technology to the global market.''
Jimmy WilliamsonExecutive Director - Sustainable Investment, Scottish National Investment Bank
Key Information
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Primary Mission Focus
Innovation
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Amount Invested
£10m
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Location
Edinburgh
Key Quotes
Alistair Banham, Chief Executive Officer at pureLiFi said:
“The Bank’s investment will help us achieve our vision to connect everyone and everything with pureLiFfi.
“We introduced our technology to the world from Scotland and it is important for us to grow our company here.
“In the future we aim to create a centre for LiFi excellence in Edinburgh and also feed into the wider photonics ecosystem that already exists.”
Jimmy Williamson, Executive Director - Sustainable Investment at Scottish National Investment Bank said:
“Through its patient capital investment the Bank is investing in highly skilled research and development jobs in Scotland and endorsing pureLiFi’s vision to create a centre of excellence of LiFi.
“We are excited to provide them with the growth capital that will help them reach the next stage in their developments.”
Alignment to the United Nation's Sustainable Development Goals
All of the investments the Bank makes support the UN's Sustainable Development Goals. This investment supports the goals below:
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Goal 8
Decent Work and Economic Growth
Creation of highly skilled jobs
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Goal 9
Industry, Innovation & Infrastructure
Disruptive technology with global application