Phlux Secures £9M Series A Led by BGF for Market Expansion

Deal News | Mar 31, 2025 | Business Growth Fund (BGF)

Phlux Technology, a startup specializing in infrared sensor technology, has successfully raised £9 million in a Series A funding round led by Business Growth Fund (BGF). This financial boost is set to propel Phlux's growth into the optical communications and sensing markets. The investment is indicative of Phlux's potential in these expanding sectors, where demand for advanced sensor technologies is on the rise. BGF's involvement brings not only financial capital but also strategic support to aid Phlux in navigating these market segments, promoting its cutting-edge infrared solutions. This funding marks a significant milestone for Phlux as it aims to enhance its market presence and capitalize on emerging opportunities within the industry.

Sectors

Infrared Sensor Technology
Optical Communications and Sensing
Venture Capital

Geography

United Kingdom – Phlux Technology and Business Growth Fund are based in the UK, relevant to the location of all primary business activities.

Industry

Infrared Sensor Technology – The core industry involved, focusing on the development and application of infrared sensors facilitated by Phlux Technology.
Optical Communications and Sensing – Phlux Technology aims to expand into these sectors, which rely on the latest sensor technologies for development and innovation.
Venture Capital – Business Growth Fund's involvement characterizes the venture capital industry's role in funding and supporting startup expansions.

Financials

£9 million – The total amount raised in the Series A funding round led by Business Growth Fund for Phlux Technology.

Participants

Name	Role	Type	Description
Phlux Technology	Target Company	Company	A startup specializing in the development of infrared sensor technologies.
Business Growth Fund (BGF)	Lead Investor	Company	A UK-based investment firm providing support to entrepreneurs and growing businesses across various sectors.