Northpond Ventures led a $15m Series A round in OPT Industries.

Northpond Ventures, a private equity firm, led a $15m Series A round in OPT Industries, a diversified manufacturer, with participation from Crosslink Capital and MIT-affiliated E14 Fund. "As an advanced manufacturing company, we see the value in building micro-scale technologies that solve macro-scale challenge. OPT works with customers to design and manufacture a novel range of metamaterials and products for the healthcare, automotive, cosmetics and consumer goods industries, and beyond. We will leverage the new financing to address the demand for InstaSwab™, fuel product development, scale operations and grow the team," Jifei Ou, OPT Founder and CEO.