EFFECT Photonic announces the completion of its series B funding round, which enables the company to accelerate its growth
Eindhoven, August 21, 2020 – On Friday 7 August, EFFECT Photonics, a leading developer of high-performance dense wavelength division multiplexing (DWDM) optical components based on its optical System-on-Chip technology, completed its Series-B funding with an additional 8 million Euro. The investment round, led by independent venture capital fund Innovation Industries, secured continued participation from btov partners, Innovatiefonds Brabant BV, Beek Capital and Optiverder BV, and attracted PhotonDelta as a new partner.
The superiority of EFFECT Photonics’ technologies in the key growth market of integrated photonics has been a major factor in attracting diverse investors who see the unique value of the company and its impact on the industry. According to the company, making photonics applications universally accessible, affordable, and sustainable calls for the development of long-lasting partnerships that promote the sharing of knowledge and experience.
Sophie De Maesschalck, CFO at EFFECT Photonics, comments: “This investment will not only support EFFECT Photonics by accelerating the sales and marketing effort, but will enable further improvement in time-to-market for our range of optical communication products, and in particular those developed for the 5G network.”
Nard Sintenie, a partner at Innovation Industries, says: “We continue to support EFFECT Photonics because we firmly believe in the strength of the technology in the short term, as well as its disruptive impact in the longer term, and we see an organisation that is capable of delivering on that promise.”
Ewit Roos, CEO of PhotonDelta, adds: “EFFECT Photonics has always been an important partner for PhotonDelta. They are a frontrunner in the development of complex integrated optical products in a high-volume market. Since their products are supported by many other companies within the integrated photonic scene, we believe that consistently supporting this partner’s growth ambitions will have a positive effect on the entire supply chain of integrated photonics in the Netherlands.”