- SMART Photonics has secured an additional round of funding of €100 million from a group of Dutch strategic and financial industry players.
- The company is a Dutch foundry for photonic integrated circuits.
- The funds will help strengthen the company’s role as a leading manufacturer of next-generation chips in the European photonics value chain.
PRESS RELEASE — SMART Photonics, the Dutch foundry for photonic integrated circuits, has secured an additional €100 million funding round from a group of Dutch strategic and financial industry players.
Among the new group of lenders are strategic players from the semiconductor industry (ASML, NXP and VDL Groep) as well as financial institutions (ING, BOP Impact Ventures and Deep Tech Fund, which is part of Invest-NL and partly funded by the ministry of Economic Affairs and Policy Climate). Previous investors, including Innovation Industries, BOM, PhotonDelta and KPN Ventures, are joining this funding round again. The Dutch government will provide €60 million in public funding as part of the approved National Growth Fund PhotonDelta project as previously announced.
With this new funding round, SMART Photonics will be able to strengthen its role as a leading manufacturer of next-generation chips in Europe’s growing and resilient photonics value chain. SMART Photonics will use the funds to expand its production capabilities and accelerate development of the company’s photonic integrated chip technology platform and Process Design Kits (PDKs).
“We are very pleased to be supported by this new group of lenders and grateful for the continued support from our existing investors,” commented Johan Feenstra, Chief Executive Officer of SMART Photonics. “With this funding round, we receive strong support from the Dutch ecosystem including strategic lenders and financial institutions in our ambition to become the world’s leading Photonic Integrated Chips (PIC) foundry.”
ASML, NXP, and VDL Groep jointly stated: “The financial support from three fellow-Brainport companies provides SMART Photonics with the best opportunity to take important next steps to further mature the organization, strengthen technical capabilities, and expand their manufacturing base. Our additional funding will help strengthen Brainport and the wider Dutch and European Photonics ecosystem. SMART Photonics being a robust and versatile foundry could greatly benefit the growing number of outstanding photonic chip design companies in the Brainport area.”
Delegation Minister Micky Adriaansens for Economic Affairs and Climate Policy: “We believe in the Netherlands as a leading international center for the development of a thriving integrated photonics industry. That’s why we invest both through our ecosystem-wide National Growth Fund PhotonDelta project and through our dedicated Deep Tech Fund with dedicated funding for start-ups and enhancements focused on innovative complex technologies like SMART Photonics. For future prosperity and economic growth and to maintain our competitiveness, we need to develop key innovative technologies such as integrated photonics within the European Union.”