PhotonDelta Invests In Spectroscopy Start-up
Together with Innovation Industries, PhotonDelta invests in MantiSpectra, a spin-off from Eindhoven University of Technology
Innovation Industries and PhotonDelta have announced the investment of seed capital in MantiSpectra, a recent spin-off from Eindhoven University of Technology developing near infrared (NIR) spectrometer technology using photonic integrated chips (PICs).
Current spectrometers tend to be bulky, expensive and need to be operated in labs by well-trained personel. By using PICs, MantiSpectra is able to make them cheaper, smaller and easier to use, making the technology accessible to a wide range of application areas and markets. The investment enables MantiSpectra to expand the team and industrialise the product, a standalone spectrometer, targeting the agri-food sector at first and other sectors in years to come.
Maurangelo Petruzzella, managing director and co-founder of MantiSpectra said: “With this investment MantiSpectra is able to make the next steps to bring this promising technology to the market. This includes attracting highly qualified personnel to expand the team and industrializing and scaling up the product and manufacturing processes.
"Furthermore, PhotonDelta also gives us access to a rich ecosystem of integrated photonics players, providing us with guidance and possibilities. We believe that through a broad and universal adoption of spectroscopy we will bridge the gap between integrated photonic technology and various application areas, including agri and green tech, pharma and medical, becoming a ‘growth engine' for the integrated photonics industry at large.”
Sander Verbrugge, general partner of Innovation industries said: "MantiSpectra has the potential to play an important role in mass adoption of affordable, miniaturized spectrometers. We have invested this seed round with our Thematic Technology Transfer Fund and look forward to supporting the team to develop their unique technology and grow a position in multiple application markets."
Ewit Roos, CEO PhotonDelta said: “MantiSpectra is a promising startup that will revolutionize the spectrometer landscape. Providing startups like MantiSpectra with a toolbox for growth is essential for the Dutch integrated photonics cluster to thrive over the medium and long term. It will generate new innovative businesses that make use of the leading-edge supply-chain we have in The Netherlands and reinforce the position of The Netherlands as a global leader in the high-tech scene. That is why we have created our PhotonDelta Startup programme.”
PhotonDelta and MantiSpectra will both be attending CES 2021 taking place virtually from the 11th until the 14th of January, 2021.