ZeroLight has secured international investment.
The Newcastle tech firm has been backed by Amsterdam venture capitalist and growth financing firm Ponooc in a Series B round.
ZeroLight鈥檚 immersive tech is used by automotive companies around the world to show how cars聽can be聽configured as potential customers ponder the sales options.
Law firm Weightmans advised ZeroLight on the deal, which will allow the firm to expand its presence within the automotive sector and beyond.
CEO Darren Jobling said: 鈥淒uncan, Nick and the Weightmans team have supported us on a number of investment rounds, and the guidance they provided for this strategically important deal for ZeroLight was invaluable.
鈥淣ot only will the funding from Ponooc take ZeroLight through its next commercial growth phase, it will also help us to secure the required talent as we expand our global reach.鈥�
Partner Duncan Reid managed the deal alongside corporate solicitor Nick Gray.
鈥淶eroLight鈥檚 international investment highlights the strength of the growing tech scene in the North East,鈥� he said.
鈥淭he investment will enable ZeroLight to expand its innovative offering to major players on the global stage.
鈥淲e have a long-standing relationship with the team at ZeroLight and our experienced tech team are delighted to have been able to support ZeroLight on this latest deal.鈥�