PhotonVentures raises €60M fund to boost photonics startups in Europe

Dutch VC firm PhotonVentures has raised €60mn for its new fund aimed at stimulating Europe’s photonics industry. The capital targets startups and scaleups active in photonic chips — a crucial technology for applications in robotics, quantum computing, and autonomous vehicles. Specifically, the fund will initially invest in 15 early-stage companies that show international growth potential and have an integrated photonics-based MVP connected to the European ecosystem. It will prioritise Series A rounds, while investments will vary between €1mn and €2.5mn. The deep tech VC expects to raise an additional €40-90mn by the start of 2024. Joachim de Sterke, General Partner…

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