PhotonVentures

Photon Delta

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Dutch deep tech VC PhotonVentures raises €60M, launches new fund to invest in early-stage photonic chip startups and scale-ups

Use:
Date closing: -
Amount: 100,000 € - 2.5M €
Industry focus: All
Total budget: 60M €
Entity type: Venture Capital
Vertical focus: All
Website: https://www.photondelta.com/

Status:
Open
Funding type:
Geographic focus:
Public/Private: Private
Stage focus:
Applicant target: Startup;

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Overview

Eindhoven-based PhotonVentures, a deep tech venture capital firm, has launched a venture capital fund aimed at early-stage photonic chip startups and scale-ups.

As a part of the launch, the VC has already raised €60M in its first financing round with PhotonDelta as the lead investor alongside numerous private investors.

The Dutch deep tech VC plans to raise a total of €100M to €150M, with its final close set for the start of 2024.

The primary objective of the fund is to focus on Series A funding rounds, extending investments spanning €1M to €2.5M.

The fund aims to invest in 15 European deep tech companies with potential for international growth.

PhotonVentures is an independent deep-tech venture capital firm that emerged from PhotonDelta, a growth accelerator for the photonic chip industry.

The two organisations are strategic partners in supporting the rapid growth of Europe’s photonics industry.

Last updated on 2023-09-06 00:53