Eindhoven-based PhotonVentures, a deep tech enterprise capital agency, introduced that it has secured €5M funding from Make investments-NL and a bunch of latest non-public buyers.
Make investments-NL joins a bunch of outstanding tech buyers, household places of work, the Brabant Growth Company (BOM), PhotonDelta, Oost NL, the College of Twente, and TNO, who’ve beforehand invested within the fund.
The announcement comes six months after the closing of its second fundraising spherical, which raised over €15M, bringing the fund’s complete to the focused €75M.
The ultimate shut of PhotonVentures Fund I, with a focused fund dimension of €100M, is deliberate for the tip of this yr.
PhotonVentures: Deep tech VC agency
PhotonVentures is a specialised deep tech fund that invests in photonics startups within the Netherlands and Europe.
The VC invests in firms pushing the boundaries of light-based applied sciences in industries starting from telecommunications to healthcare.
The fund at the moment has 14 investments in firms, together with Sensible Photonics, Impact Photonics, Phix, PhotonFirst, and VitreaLab.
Ewit Roos, Common Associate at PhotonVentures, says, “We’re delighted to welcome Make investments-NL as a brand new investor in PhotonVentures. Their involvement not solely displays confidence on this specialised fund but in addition highlights the immense potential of built-in photonics and the essential function it performs in technological progress within the Netherlands and past.”
About Make investments-NL
Based in 2020, Make investments-NL is an influence funding agency centered on driving sustainability and innovation within the Netherlands.
The agency funds visionary entrepreneurs and tasks that contribute to the longer term economic system, aiming for each influence and monetary returns.
The agency takes accountable dangers, leverages European funds, and works collaboratively to make bold tasks possible.
The agency’s long-term strategy emphasises societal and environmental advantages, supporting entrepreneurs and applied sciences that can form the Netherlands by 2050.
Liz Duijves, Funding Supervisor at Make investments-NL, provides, “Photonics is a key expertise for the Netherlands and a precedence within the nationwide expertise technique. As one of many few photonics funds in Europe, PhotonVentures is an important participant within the additional growth of this sector. Our funding makes a major contribution to the expansion and innovation of the built-in photonics trade within the Netherlands.”
