PhotonFirst, a Dutch-based provider of integrated photonics sensing solutions for advanced applications, recently announced the completion of its Series A fundraising round.
Based on its 15-year history in integrated photonics, the deeptech company recently revealed ambitions for an IPO in 2025.
PhotonFirst’s primary stakeholder, Amsterdam-based private equity firm Active Capital Company, and new investor PhotonDelta contributed to the fundraising. Both have agreed to contribute to the company’s five-year business strategy.
“We believe in the vision and strategy of PhotonFirst and see great potential in scaling the technology. The Board has demonstrated their execution power and is on track to deliver on the plan, we are confident our funding allows them to accelerate and expand,” said Victor Schols, partner of Active Capital Company.
CEO of PhotonDelta, Ewit Roos, says, “PhotonFirst is a global frontrunner in integrated photonics sensing solutions. This company represents perfectly what the PhotonDelta ecosystem is all about: inventing, developing and manufacturing world-class products that make a difference. We are proud to invest in this team and become part of their success”, said Ewit Roos, CEO of PhotonDelta.