PhotonVentures, a specialised deep tech fund based in 2023 that focuses on investing in photonics startups within the Netherlands and throughout Europe, has secured a €5 million funding led by Make investments-NL, with contributions from a gaggle of latest personal buyers.
This funding not solely strengthens the fund’s capital base but in addition underscores the essential position the photonics trade performs within the Netherlands and its aggressive place inside Europe and globally. Built-in photonics is a key know-how the place the Netherlands, particularly, holds a number one place. To take care of and develop this management, continued investments from each the personal and public sectors are very important.
Make investments-NL now joins a notable group of buyers, together with outstanding tech buyers, household places of work, the Brabant Improvement Company (BOM), PhotonDelta, Oost NL, the College of Twente, and TNO, all of whom have supported the expansion of PhotonVentures. The fund is aiming for a ultimate shut of €100 million by the tip of this yr.
Investing within the photonics ecosystem
PhotonVentures takes an ecosystem method, investing in photonics startups which can be higher positioned to navigate the quickly evolving photonics market. The fund’s portfolio firms profit from faster entry to buyer suggestions and a world community to help their development. To this point, PhotonVentures has made 14 investments in main photonics firms, together with Good Photonics, Impact Photonics, Phix, PhotonFirst, and VitreaLab.
Ewit Roos, Basic Associate at PhotonVentures, expressed his enthusiasm for this new funding: “We’re thrilled to welcome Make investments-NL as a brand new investor. Their involvement not solely exhibits confidence on this specialised fund but in addition highlights the immense potential of built-in photonics and the important position it performs in technological progress within the Netherlands and past.”
Liz Duijves, Funding Supervisor at Make investments-NL, added: “Photonics is a key know-how for the Netherlands and a precedence throughout the nationwide know-how technique. PhotonVentures, as one of many few devoted photonics funds in Europe, performs a pivotal position in growing this sector. Our funding will contribute considerably to the expansion and innovation of the built-in photonics trade within the Netherlands.”
