# PhotonVentures: portfolio, investments and team > PhotonVentures is a vc firm based in Netherlands. 5 investments on record, 3 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/photonventures (Millionrounds; every figure on the page links to its filing or article) Netherlands · [Investor](https://millionrounds.com/investors) # PhotonVentures Last cheque observed Oct 2026; 5 cheques on record. Email Deploying now New fund $84M, Oct 2024 VC firm Pre-seed Seed Series B AI & Computing Data & Communications Security & Resilience Follow PhotonVentures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fphotonventures) Deploying now **75%** of best year **3** **cheques in 12 months**, 5 on record Since the last cheque **23** days **00** hrs **00** min **00** sec Median round **$10M** Rounds led **2 of 5** Mostly in **Estonia, 20%** Pitch PhotonVentures ## PhotonVentures highlights - 01 3 cheques in the last 12 months - 02 Mostly Seed and Series A: 100% of its rounds - 03 Led 2 rounds ## What they do > PhotonVentures is a European specialist venture capital firm exclusively focused on photonics From their own website - **Type:** VC firm - **Cheque size:** Not stated - **Stages:** Pre-seed Seed Series B Growth - **Sectors:** AI & Computing Data & Communications Security & Resilience - **Based in:** Hilversum, Netherlands - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2026** 2 rounds - **Oct** **[Golbriak Space](https://millionrounds.com/company/golbriak-space)** Seed · EE · Tech Funding News **$4.5M** *Led* - **Jan** **[vitrealab](https://millionrounds.com/company/vitrealab)** Series A · AT · Firms' own news pages **$11M** With 10 others - **2025** 3 rounds - **Nov** **[NcodiN](https://millionrounds.com/company/ncodin)** Seed · FR · Silicon Canals **$18M** With 7 others - **Apr** **[Astrape Networks](https://millionrounds.com/company/astrape-networks)** Seed · NL · Silicon Canals **$6.2M** *Led* - **Apr** **[Lumai](https://millionrounds.com/company/lumai)** GB · TechStartups **$10M** With 10 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **5+** funds on file numbered funds in its name Who backs their funds ## 5 LPs on record in PhotonVentures's funds - **Funds:** 1 The institutions that put money into its funds, which the firm then invests in companies. Source: fund news. - [**Invest-NL** 1 fund](https://millionrounds.com/fund/invest-nl) Fund Vintage Committed PhotonVentures PhotonVentures Fund I - - - [**Brabant Development Agency (BOM)** 1 fund](https://millionrounds.com/fund/brabant-development-agency-bom) Fund Vintage Committed PhotonVentures PhotonVentures Fund I - - - [**PhotonDelta** 1 fund](https://millionrounds.com/fund/photondelta-2) Fund Vintage Committed PhotonVentures PhotonVentures Fund I - - - [**OostNL** 1 fund](https://millionrounds.com/fund/oost-nl) Fund Vintage Committed PhotonVentures PhotonVentures Fund I - - - [**TNO** 1 fund](https://millionrounds.com/fund/tno) Fund Vintage Committed PhotonVentures PhotonVentures Fund I - - ## What they claim to have backed From their own portfolio page (on their website) **8** of 16 we have independently watched raise [Arycs-tech](https://millionrounds.com/company/arycs-technologies)[Deltadiagnostics](https://millionrounds.com/company/delta-diagnostics)[Lionix-international](https://millionrounds.com/company/lionix-international)[Lumai](https://millionrounds.com/company/lumai)[Mantispectra](https://millionrounds.com/company/mantispectra)[Microalign](https://millionrounds.com/company/microalign)[Ncodin](https://millionrounds.com/company/ncodin)[Vitrealab](https://millionrounds.com/company/vitrealab) Astrapenetworks Brilliancergb Cubiq-technologies Efinstruments Golbriak Investors portal Quixquantum Scantinel Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. New fund on file **$84M** raised in Oct 2024 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Series B Median round joined **$10M** the round, not its cheque Led 2 of 5 rounds **40%** - **Sole investor:** Never alone - **Last cheque:** Oct 2026 Rounds by stage said on their site - Seed said *3* - Series A *1* - Pre-seed said *-* - Series B said *-* - Growth said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [nVentures](https://millionrounds.com/fund/nventures-2) 4 - [Constructor Capital](https://millionrounds.com/fund/constructor-capital) 2 - [Join Capital](https://millionrounds.com/fund/join-capital) 2 - [LIFTT](https://millionrounds.com/fund/liftt) 2 **Pitching PhotonVentures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as PhotonVentures. A count of rooms they were both in, not a relationship either has claimed. [**nVentures** VC firm **4** rounds together](https://millionrounds.com/fund/nventures-2)[**Constructor Capital** VC firm **2** rounds together](https://millionrounds.com/fund/constructor-capital)[**Join Capital** VC firm **2** rounds together](https://millionrounds.com/fund/join-capital)[**LIFTT** VC firm **2** rounds together](https://millionrounds.com/fund/liftt) ## Recently backed The latest companies PhotonVentures put money into. [**Golbriak Space** $4.5M · Oct 2026](https://millionrounds.com/company/golbriak-space)[**vitrealab** $11M · Jan 2026](https://millionrounds.com/company/vitrealab)[**NcodiN** $18M · Nov 2025](https://millionrounds.com/company/ncodin)[**Astrape Networks** $6.2M · Apr 2025](https://millionrounds.com/company/astrape-networks) ## Quick answers about PhotonVentures ### What does PhotonVentures invest in? PhotonVentures invests most often at Seed and Series A (100% of the rounds on record), in sectors such as AI & Computing, Data & Communications and Security & Resilience. ### How active is PhotonVentures? 5 investments on record, 3 of them in the last 12 months, and it led 2. The most recent was in Oct 2026. ### What has PhotonVentures invested in recently? Its most recent investments on record: Golbriak Space (Seed, Oct 2026), vitrealab (Series A, Jan 2026) and NcodiN (Seed, Nov 2025). ### How big are PhotonVentures's cheques? The median round it joins is $10M. ### Does PhotonVentures lead rounds? Yes: it led 2 of its 5 investments on record (40%). ### Where does PhotonVentures invest? Most of the companies it backs are in Estonia (20%), Austria (20%) and France (20%). ### Is PhotonVentures investing now? Yes: it is actively investing, with 3 investments in the last 12 months. ### Who does PhotonVentures invest alongside? Most often nVentures (4 rounds together), Constructor Capital (2 rounds together) and Join Capital (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=photonventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=photonventures)