PhotonVentures, a Dutch deep tech fund aiming to boost Europe’s photonics industry, has closed its second fundraising round with over €15mn — bringing its total capital to €75mn.
The fund targets startups and scaleups developing solutions with photonic chips for a wide range of applications: from data transmission and health diagnostics to smart sensors, AI, AR, and VR.
PhotonVentures will initially invest in 20 early-stage companies with international growth potential. It will focus on Seed to Series A rounds, with investments varying between €1mn and €2.5mn.
The VC firm is a spinoff and strategic partner of PhotonDelta, a manufacturer of photonic microchips and a contributor to the integrated photonics sector in Europe.
PhotonVentures raised €60mn in its first fundraising round last year. Its aim is to reach €100mn for its initial fund by the end of 2024.
The
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