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 function the photonics trade performs within the Netherlands and its aggressive place inside Europe and globally. Built-in photonics is a key expertise 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 important.
Make investments-NL now joins a notable group of buyers, together with distinguished tech buyers, household workplaces, the Brabant Growth 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 remaining shut of €100 million by the tip of this yr.
Investing within the photonics ecosystem
PhotonVentures takes an ecosystem strategy, investing in photonics startups which are 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 progress. To this point, PhotonVentures has made 14 investments in main photonics firms, together with Good Photonics, Impact Photonics, Phix, PhotonFirst, and VitreaLab.
Ewit Roos, Common Accomplice 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 reveals confidence on this specialised fund but in addition highlights the immense potential of built-in photonics and the important function it performs in technological progress within the Netherlands and past.”
Liz Duijves, Funding Supervisor at Make investments-NL, added: “Photonics is a key expertise for the Netherlands and a precedence inside the nationwide expertise technique. PhotonVentures, as one of many few devoted photonics funds in Europe, performs a pivotal function in creating this sector. Our funding will contribute considerably to the expansion and innovation of the built-in photonics trade within the Netherlands.”
