Optics11 secures €50 million in follow-on equity for sensing technology scale-up
Optics11 has secured €50 million in follow-on equity investment from existing investors FORWARD.one, Value Creation Capital, SET Ventures and JOIN Capital. The round brings total investment in the company to more than €100 million in 15 months.
- Raised
- €50 million
- Round
- follow-on equity
- Investors
- 4
- Investors
- FORWARD.oneValue Creation CapitalSET VenturesJOIN Capital
- Target market
- Governments, navies, utilities and infrastructure operators
- Use of funds
- Supporting increased manufacturing, international expansion, operational capability growth and technology delivery to more customers and partners
Get started
Create a free account to read the full story.
Quick Answers
What is the latest news about Optics11?
Optics11 has secured €50 million in follow-on equity investment from existing investors FORWARD.one, Value Creation Capital, SET Ventures and JOIN Capital. The round brings total investment in the company to more than €100 million in 15 months.
What does Optics11 do?
Optics11 was founded in 2011 as a spin-out from Vrije Universiteit Amsterdam. The Dutch deep technology company develops fibre optic sensing systems for underwater intelligence and energy grids, serving governments, navies, utilities and infrastructure operators.
How much did Optics11 raise?
Optics11 raised €50 million in its follow-on equity.
Who invested in Optics11?
Investors named in this follow-on equity include FORWARD.one, Value Creation Capital, SET Ventures and JOIN Capital.
How will Optics11 use the funding?
Optics11 plans to use the money for supporting increased manufacturing, international expansion, operational capability growth and technology delivery to more customers and partners.
Where is Optics11 based?
Optics11 is based in Amsterdam.
Who are the key people at Optics11?
Key people named in this report: Paul Heiden (CEO) and Dr. Grzegorz Gruca (CTO).