EFFECT Photonics, a developer of integrated optical solutions, has secured $38 million in Series D funding.
Led by Innovation Industries Strategic Partners Fund, the round was backed by Dutch pension funds PMT and PME, co-investor Invest-NL Deep Tech Fund and participation from other existing investors.
The company said that the new 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 will reduce the costs, size, and power of high-speed fiber optics communication solutions.
“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,” said Roberto Marcoccia, CEO of EFFECT Photonics.
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About the Author
Sean BuckleySean Buckley
Sean is the Editor-in-Chief of Lightwave. He establishes and executes Lightwave's editorial strategy across its website, email newsletters, events, and other information products. Before coming to Lightwave in July 2023, he served as editor of Broadband Communities. Earlier, he served as senior editor of FierceTelecom and the editor of the former Telecommunications Magazine. He got his start in the optical industry in 1998 when he became the editor of enterprise and optical networks at Information Gatekeepers. He has a BA in English from the University of Massachusetts, Boston, and lives in Dracut, Mass, with his wife, two sons, and his cat, Dove.
