Home > NEWS > Netherlands PIC company EFFECT Photonics raises $37M in C round
Netherlands PIC company EFFECT Photonics raises $37M in C round
Eindhoven, the Netherlands 11th March 2021 – Today EFFECT Photonics announces the first close of its Series C round, 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.
EFFECT Photonics is a world leading developer of optical transceivers, bringing core network performance to the network edge, through integration of all the optical functions on to a single Photonic Integrated Circuit combined with low cost, non-hermetic packaging.
James Regan, CEO stated: “With our disruptive technology, we have already enabled DWDM in high-capacity 5G Radio Access Networks through our low-cost autotuning SFP+ modules, which are deployed around the world. This funding and our partnership with our investors will allow us to take the next leap forward, bringing even higher capacity “coherent” products to the network edges, as well as scaling existing production.”
Tim Koene, CTO explained: “Conventional coherent approaches require external narrow-linewidth tunable lasers and amplification, wasting light and adding cost, space and power consumption. Already demonstrated to key customers, the non-hermetic Manta prototypes integrate all of these functions on a single chip, bringing a revolution in low electrical power consumption together with high optical output power: high transmission performance in a small formfactor that will enable the next generation of edge network capacity.”
Bart Cauberghe, Managing Partner at Smile Invest commented: “We see in EFFECT Photonics a company with unique technology, with a team that has shown that they can also convert this into innovative products for a fast-growing market. In that respect, the company fits perfectly in the activities of Smile Invest, given our focus on innovative, ambitious companies that have the potential to become the market leader in their segment. We are delighted to be joining with the strong group of existing investors”.
Nard Sintenie, General Partner at existing investor Innovation Industries added: “What EFFECT Photonics has developed is a real platform technology, with which new products can rapidly be launched. We are pleased to continue to support the company and see great potential for the future”.
About EFFECT Photonics
EFFECT Photonics delivers highly integrated optical communications products based on its Dense Wavelength Division Multiplexing (DWDM) optical System-on-Chip technology. The key enabling technology for DWDM systems is full monolithic integration of all photonic components within a single chip and being able to produce these in volume with high yield at low cost. With this capability, EFFECT Photonics is addressing the need for low cost DWDM solutions driven by the soaring demand for high bandwidth connections between datacentres and back from mobile cell towers. Headquartered in Eindhoven, The Netherlands, with additional R&D and manufacturing in South West UK, with sales partners worldwide. www.effectphotonics.com
About Smile Invest
Smile Invest (Smart Money for Innovation Leaders) is a European evergreen investment firm with €350 million assets under management, financed by 40 entrepreneurial families and with a long term focus on innovative growth companies. Smile Invest focuses on companies active in technology, healthcare and innovative consumer markets. From its offices in Leuven and The Hague the team supports ambitious entrepreneurs and management teams in realising their growth plans. www.smile-invest.com