Eindhoven-based Effect Photonics has announced the successful completion of an 8 million euro series-B funding. The investment round, led by venture capital fund Innovation Industries, secured continued participation of BTOV Partners, Innovatiefonds Brabant, Beek Capital and Optiverder, and attracted Photondelta as a new partner.
Effect Photonics develops and markets highly integrated optical transceivers for 5G and data center applications. “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,” commented Effect Photonics CFO Sophie De Maesschalck.
Ewit Roos, CEO of Photondelta, adds: “Effect Photonics has always been an important partner for Photondelta. They are a front-runner 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.”
Earlier this year, Effect Photonics taped out the world’s first fully-integrated coherent photonic integrated circuit.