SMART Photonics raise €6 million in investment
SMART Photonics have completed another equity investment round. SMART Photonics is a European manufacturer of InP Photonics components with production and research facilities located in Eindhoven, The Netherlands. SMART Photonics offers production and development portfolio of generic technology as well as engineered custom processes. The production services range from epitaxial growth and regrowth to coating and testing of the individual chips.
SMART Photonics accommodates both proof-of-concept and volume manufacturing. The generic integration process is specifically designed to provide short turn-around time and low-cost prototyping and volume manufacturing for photonic integrated circuits.
CFO Robert Feelders: "We collected another € 6 million, mainly from informal investors. Besides this new investment, the majority of our existing informal investors converted their loans into shares (€ 4,5 million), which strengthens our financial position even more. This expresses great confidence in our potential and growth. With this new funding, we will be able to improve both the stability and robustness of our processes, which will lay a firm foundation in making the next step towards a full production plant."
