7 Airport Park Road
East Granby, CT
Nufern, which makes specialty optical fiber and fiber lasers, was founded in 2000 and struggled in the years following the market crash of 2001-2002. In 2005 the company needed cash, and Connecticut Innovations stepped in with a $750,000 infusion.
That vote of confidence led to investments totaling $4.25million on the part of other private equity firms, and the company rapidly grew from 38 to 72 employees. In 2007, Connecticut Innovations invested another $150,000 in Nufern as part of a $2.5 million round of financing.
In 2008, German laser giant Rofin-Sinar Technologies Inc. cast the ultimate vote of confidence and acquired Nufern, pledging to operate it as a wholly owned subsidiary.
Nufern President and CEO Martin Seifert said Nufern owes a debt of gratitude to Connecticut Innovations for “helping Nufern to significantly expand its operations in Connecticut.”