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