Netherlands-based PHIX, an assembly and packaging services provider for the photonics industry, announced on Wednesday that it has raised €3M in a fresh round of funding.
Besides the funding, the Dutch company will also occupy a new building to support further industrialisation and scaling of photonic chip packaging in large volumes.
PHIX’s €3M funding is split between €1.5M in equity and €1.5M in loans for new equipment. Existing investors Oost NL and Innovation Industries participated in this round. PHIX has also obtained €20M from the National Growth Fund in the long term.
The funds will help PHIX to further develop its automated packaging capabilities and increase its capacity to support the rapid growth of its existing and new customers.