HomeNetherlandsPhotonVentures Holds Second Closing of First Fund, at €75M

PhotonVentures Holds Second Closing of First Fund, at €75M

PhotonVentures

PhotonVentures, a Breukelen, the Netherlands-based venture capital firm focused on startups developing solutions with photonic chips, held the second close of its first fund, at €75M.

Private and strategic investors, together with the support of BOM (Brabant Development Agency), Oost NL, TNO, and the University of Twente, have supported the fund following-up to the first €60M close, which was led by PhotonDelta and private investors.

The fund targets essential applications in data transmission, health diagnostics, and smart sensor systems, while also aligning with major global trends such as AI, AR, and VR.

The vehicle focuses on Seed to Series A investments, with participation ranging from €1M to €2.5M. 

With strategic support from the Dutch National Growth Fund and the European Chips Act for the Dutch and European ecosystem, PhotonVentures creates the conditions for the growth of 20 deep-tech frontrunners to position themselves as international leaders within the European ecosystem.

Moving forward, the objective is to raise over €100m for the closure of its initial fund by the end of 2024.

VCWire

17/04/2024