Eindhoven-based PhotonVentures, a deep tech venture capital firm, announced that it has secured €5M investment from Invest-NL and a group of new private investors.
Invest-NL joins a group of prominent 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 announcement comes six months after the closing of its second fundraising round, which raised over €15M, bringing the fund’s total to the targeted €75M.
The final close of PhotonVentures Fund I, with a targeted fund size of €100M, is planned for the end of this year.
PhotonVentures: Deep tech VC firm
PhotonVentures is a specialised deep tech fund that invests in photonics startups in the Netherlands and Europe.
The VC invests in companies pushing the boundaries of light-based technologies in industries ranging from telecommunications to healthcare.
The fund currently has 14 investments in companies, including Smart Photonics, Effect Photonics, Phix, PhotonFirst, and VitreaLab.
Ewit Roos, General Partner at PhotonVentures, says, “We are delighted to welcome Invest-NL as a new investor in PhotonVentures. Their involvement not only reflects confidence in this specialised fund but also highlights the immense potential of integrated photonics and the crucial role it plays in technological progress in the Netherlands and beyond.”
About Invest-NL
Founded in 2020, Invest-NL is an impact investment firm focused on driving sustainability and innovation in the Netherlands.
The firm finances visionary entrepreneurs and projects that contribute to the future economy, aiming for both impact and financial returns.
The firm takes responsible risks, leverages European funds, and works collaboratively to make ambitious projects feasible.
The firm’s long-term approach emphasises societal and environmental benefits, supporting entrepreneurs and technologies that will shape the Netherlands by 2050.
Liz Duijves, Investment Manager at Invest-NL, adds, “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.”
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