Photonventures has received an investment from Invest-NL and a group of new private backers, with the Dutch public investment bank contributing 5 million euros. Invest-NL joins a group of tech investors, family offices, the Brabant Development Agency (BOM), Photondelta, Oost NL, the University of Twente and TNO, who have previously invested in the fund. The final close of Photonventures Fund I, with a targeted size of 100 million euros, is planned for the end of this year.
Photonventures is a deep-tech fund focusing on photonics startups in the Netherlands and Europe. By investing from an ecosystem perspective, young companies in the portfolio are better positioned in the rapidly developing photonics market, gain quicker access to customer feedback and benefit from an international network for further growth. The fund currently has 14 investments in companies, including Smart Photonics, Effect Photonics, Phix, Photonfirst and Vitrealab.
“Photonics is a key technology for the Netherlands and a priority in the national technology strategy. As one of the few photonics funds in Europe, Photonventures is a vital player in the further development of this sector. Our investment makes a significant contribution to the growth and innovation of the integrated-photonics industry in the Netherlands,” says Liz Duijves, investment manager at Invest-NL.
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