# SMART-Photonics funding: rounds and investors

> SMART-Photonics has raised $74M across 2 rounds since 2018. Investors include Rabobank and Innovation Industries. Every round with its source.

Source: https://millionrounds.com/company/smart-photonics (Millionrounds; every figure on the page links to its filing or article)

Netherlands · [Funded startup](https://millionrounds.com/companies)

# Who invested in *SMART-Photonics*

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Manufacturing

Funding summary Updated 26 Oct 2026

**$74M** raised across 2 rounds since 2018, from 2 sources

**$7.0M** Round **$67M** Grant

- **Latest round:** Grant, $67M Jul 2023
- **Step-up i:** 9.5×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023

**$7.0M** Round

**$67M** Grant

- **First round:** Round, $7.0M
- **Biggest round:** $67M
- **Between rounds:** 4.8 years

## The rounds

- **Jul 2023** Grant **$67M** *2 new* [Rabobank](https://millionrounds.com/fund/rabobank) [Innovation Industries](https://millionrounds.com/fund/innovation-industries) Source recorded
- **Sept 2018** Round **$7.0M** No investor was named in the report. Reported by Innovationorigins

## Founders and team

From SMART-Photonics's own website: 5 on the team.

- **Johan Feenstra** CEO
- **Guy Backner** COO
- **Luc Augustin** CTO
- **Maarten Wellens** CFO
- **Yuval Kariv** VP R&D

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2018 **Grant** 2023 [Rabobank](https://millionrounds.com/fund/rabobank) [Innovation Industries](https://millionrounds.com/fund/innovation-industries)

## Everyone who backed them

[Rabobank](https://millionrounds.com/fund/rabobank) Corporate VC **1** round

[Innovation Industries](https://millionrounds.com/fund/innovation-industries) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=smart-photonics).

## Also claim to have backed them

This firm lists SMART-Photonics as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[GlobalFoundries](https://millionrounds.com/fund/globalfoundries) Corporate VC Per its own site

## Quick answers about SMART-Photonics

### Who invested in SMART-Photonics?

SMART-Photonics's investors include Rabobank and Innovation Industries.

### How much has SMART-Photonics raised?

SMART-Photonics has raised $74M across 2 rounds since 2018.

### When did SMART-Photonics last raise?

SMART-Photonics's most recent round was a Grant of $67M in Jul 2023.

### What was SMART-Photonics's biggest round?

Its most recent round, $67M in Jul 2023, is also its largest on record.

### Who backed SMART-Photonics first?

SMART-Photonics's first round on record, in Jul 2023, was backed by Rabobank and Innovation Industries.

### What stage is SMART-Photonics at?

SMART-Photonics's latest named round is a Grant, in Jul 2023.

### Where is SMART-Photonics based?

SMART-Photonics is based in the Netherlands.

## Companies like SMART-Photonics

In the same sector, and raised in the last eighteen months.

[**Morphotonics** $57M · Sept 2026](https://millionrounds.com/company/morphotonics)[**Invisix** $24M · Jun 2026](https://millionrounds.com/company/invisix)[**Eyeo** $64M · May 2026](https://millionrounds.com/company/eyeo)[**Delft Circuits** $9.3M · Dec 2025](https://millionrounds.com/company/delft-circuits)[**ExRobotics** $8.1M · Nov 2025](https://millionrounds.com/company/exrobotics)[**Weco - the Wave Energy Collective** $696K · Nov 2025](https://millionrounds.com/company/weco-the-wave-energy-collective)

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