PhotonVentures raises €75M for Deep-Tech Investments
PhotonVentures is a VC-fund based in the Netherlands, focussing on Deep Tech and Photonics through Seed to Series A investments, targeting startups and scale-ups developing photonic chip solutions for data transmission, health diagnostics, and smart sensor systems.
- PhotonVentures was set up out of the leading Dutch Photonics sector organisation PhotonDelta to support the growth of a homegrown photonics sector in the Netherlands, leveraging support from the Dutch National Growth Fund and the European Chips Act to drive deep-tech growth in Europe.
- In April 2024, it announced the second closing on its maiden Fund, securing €75 million in total, up €15M following a first close of €60M in Q3 2023.
- The fund attracted investments from private and institutional investors, including the venture arms of two regional economic development organisations in the Netherlands (BOM Brabant Ventures and Oost NL), the Dutch public research organisation TNO, and a leading Dutch engineering university, the University of Twente.
- Moving forward, PhotonVentures' objective is to raise over €100 million for the closure of their initial fund by the end of 2024.
Source: EU-Startups , PhotonVentures
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