Eindhoven-based SMART Photonics, a company that focuses on foundry for Indium Phosphide photonics semiconductors, has received a new loan worth up to €13M. The financing will be provided by Netherlands’ Rabobank.
Speaking on the development, Eerke Hoven, Director Corporate Clients at Rabobank, explains, “SMART Photonics is a company that fits perfectly with our Banking for Brainport strategy. We have been involved in SMART Photonics since the startup phase in 2012. The successful funding round in 2020, led by Innovation Industries, has further strengthened our confidence in the company. We facilitate the next phase of growth with our financing.”