News: Optoelectronics
21 March 2024
EFFECT Photonics raises $38m in Series D funding
EFFECT Photonics b.v. – a spin off from the Technical University of Eindhoven (TU/e) in The Netherlands – has secured $38m in a Series D funding round, led by Innovation Industries Strategic Partners Fund, backed by Dutch pension funds PMT and PME, along with co-investor Invest-NL Deep Tech Fund and participation from other existing investors.
The latest investment will further accelerate the development and commercialization of the firm’s solutions and support ramping production to meet growing customer demands. EFFECT Photonics is focused on advancing its integrated product portfolio, which is said to dramatically drive down the costs, size and power of high-speed fiber-optics communications.
“Investor excitement marks the culmination of a dynamic year of advancements across every facet of our business, reinforcing the market momentum we’ve established in the rapidly growing coherent transceiver market,” says CEO Roberto Marcoccia.
“EFFECT Photonics possesses not only the technology solutions but also the dedicated team, capital and backing to expedite the advancement and market penetration of integrated photonic solutions, crucially meeting the surging need for bandwidth,” believes Vincent Kamphorst, investment director at Innovation Industries Strategic Partners Fund.
EFFECT Photonics verifies fully integrated InP PIC in digital ITLA for coherent applications
EFFECT acquires Viasat’s coherent optical DSP & FEC business
EFFECT and Jabil to co-develop next-gen coherent optical modules
