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 bunch of recent non-public buyers.
This funding not solely strengthens the fund’s capital base but additionally underscores the essential position the photonics business 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 keep up and develop this management, continued investments from each the non-public and public sectors are very important.
Make investments-NL now joins a notable group of buyers, together with outstanding 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 method, investing in photonics startups which might be higher positioned to navigate the quickly evolving photonics market. The fund’s portfolio firms profit from faster entry to buyer suggestions and a global community to assist their progress. Up to now, PhotonVentures has made 14 investments in main photonics firms, together with Sensible Photonics, Impact Photonics, Phix, PhotonFirst, and VitreaLab.
Ewit Roos, Common Companion 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 additionally 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 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 position in creating this sector. Our funding will contribute considerably to the expansion and innovation of the built-in photonics business within the Netherlands.”
