EFFECT Photonics Secures $38 Million Series D Funding
EFFECT Photonics, a developer of highly integrated optical solutions, today announced it 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.
This investment will further accelerate the development and commercialization of EFFECT Photonics solutions and support ramping production to meet growing customer demands. EFFECT Photonics is focused on advancing its integrated product portfolio which dramatically drives down the costs, size, and power of high-speed fiber optics communication solutions.
We extend our thanks to Innovation Industries Strategic Partners Fund and our existing investors for their continued confidence in EFFECT Photonics’ mission and products. 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. Roberto Marcoccia, CEO of EFFECT Photonics
Innovation Industries Strategic Partners Fund is excited to lead the investment in EFFECT Photonics. 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. Vincent Kamphorst, Investment Director Innovation Industries Strategic Partners Fund
