PhotonVentures, the Dutch VC  fund focused on photonics startups, has completed a second fundraising round of over €15 million bringing the fund’s total to €75 million.

The fund targets essential applications in data transmission, health diagnostics, and smart sensor systems.

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Private and strategic investors, together with the support of BOM (Brabant Development Agency), Oost NL, TNO, and the University of Twente, have made this funding round possible; a fitting follow-up to the first €60 million round, which was led by PhotonDelta and private investors.

The fund’s objective is to raise over €100 million by the end of the year.

 

The fund focuses on Seed to Series A investments, with participation ranging from €1 million to €2.5 million. With strategic support from the Dutch National Growth Fund and the European Chips Act.