Swave Photonics Raises A Further €3M

Andrew Neale

Swave Photonics, a spin-off from Belgium’s imec and Vrije Univeriteit Brussel has raised a further €3 million to further develop its diffractive optics technology for extended reality (XR) applications.

The top-up brings its total seed funding to €10 million, following the €7 million previously provided by imec’s own xpand venture capital fund, alongside the Flanders Future Techfund (FFTF), and QBIC, a Belgian inter-university venture fund.

The additional funding has been secured from a combination of the original backers, plus two new US-based investors in the form of Seattle’s Acequia Capital, and Rochester’s Luminate NY photonics incubator fund.

Luminate NY’s investment is we uderstand a result from Swave’s recent selection as a finalist in its photonics-focused accelerator program and competition, while the firm also won SPIE’s Startup Challenge at Photonics West earlier this year.

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