EFFECT Photonics, a leading developer of DWDM components based on its optical System-on-Chip technology, announced $43 million in Series-C funding.
EFFECT Photonics, which is a spin-off from the Eindhoven University of Technology in the Netherlands, has developed a photonic chip in which light signals can be generated, modulated, filtered, and detected.
The first close of the investment round, was co-led by Smile Invest together with existing investor Innovation Industries Fund, exactly one year after announcing the tape-out of its Manta full photonic integration coherent PIC. Smile Invest are joined by existing investors including Innovation Industries Fund, Photon Delta, btov Partners, Brabant Development Agency (BOM) and individual investors. This new round of funding will be used to further expand the current product line of optical transceivers for among other things 5G networks, and to scale up production capacity. In addition, the R&D activities for the next generation of optical chips, with capacity of more than 400 gigabits per second, will also be ramped up.
Boudewijn Docter, one of the founders and President of EFFECT Photonics: “As a company, we have come a long way to make the photonics technology market-ready. We are pleased that Invest-NL is joining our other investors in helping us scale up our production and enabling us to bring additional products to market quicker”.
Ruud Zandvliet, Senior Investment Manager at Invest-NL: “The Netherlands has a unique ecosystem for photonics technologies. EFFECT Photonics is a leading player in this field, capable of developing complex, fully integrated photonic chips. This offers the company the opportunity be a leading player as a manufacturer of the next generation of transceivers. By joining this investment round, Invest-NL contributes to the availability of financing for upscaling and future R&D investments. This is a good example of the role Invest-NL plays in increasing the strength of scale-ups and is in line with our objective of making the Netherlands more sustainable and innovative.
