TLDR:
- PhotonVentures, a VC fund in the Netherlands, closes its second fundraising round at €75 million.
- The fund focuses on startups and scale-ups developing solutions with photonic chips for various applications.
PhotonVentures, a deep-tech venture capital fund based in Breukelen, Netherlands, has successfully completed its second fundraising round, raising over €15 million and bringing the total fund to the targeted €75 million. The fund focuses on supporting startups and scale-ups developing solutions with photonic chips for various applications, aligning with global trends like AI, AR, and VR. The recent funding round included private and strategic investors, as well as support from BOM, Oost NL, TNO, and the University of Twente.
The fund’s objective is to raise over €100 million for the closure of their initial fund by the end of 2024, with a focus on Seed to Series A investments ranging from €1 million to €2.5 million. With strategic support from the Dutch National Growth Fund and the European Chips Act, PhotonVentures aims to grow 20 deep-tech frontrunners to become international leaders in the European ecosystem.
PhotonVentures continues to lead in the European photonics ecosystem, focusing on integrated photonic technology and sustainable AI-driven trends to promote economic growth and social progress. The support and commitment from investors and partners highlight the belief in PhotonVentures’ value and its potential impact on the Dutch and European economies.
