This Glasgow company designs and manufactures lasers and photonic instruments for a range of applications in quantum technology, biophotonics and chemical sensing. Its customers include research institutes at universities such as Cambridge, MIT and Harvard. It was founded in 2006 by Graeme Malcolm, 48, and Gareth Maker, 52, serial entrepreneurs who had previously spun out the optoelectronics firm Microlase from Strathclyde University before selling it to Nasdaq-listed Coherent for £2m in 1999. Since 2012, M Squared has received £6.3m from BGF, the growth-capital firm, helping sales to reach £13.9m this year.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2017
Rank79
CompanyM Squared Lasers
ActivityLaser designer and manufacturer
LocationGlasgow
Average 3 year sales growth52.13%
Latest sales £000s*13,896
Staff90
Founded2006
Websitewww.m2lasers.com

If applicable:

* supplied by company † annualised figure