EFFECT Photonics secures $38M funding
Funding round will help company meet demand from coherent transceiver market
Eindhoven-based EFFECT Photonics has secured $38 million Series D funding, 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.
Roberto Marcoccia, CEO of EFFECT Photonics said: "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."
"We believe that 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, " said.Vincent Kamphorst, investment director Innovation Industries Strategic Partners Fund.
