PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Silicon Line raises EUR8.2m in Series B funding round led by Capital-E

Silicon Line, a specialist in developing and providing innovative ultra-low-power optical link technology for consumer electronics as well as commercial and industrial markets, has raised EUR8.2 (USD9.5m) in a Series B financing round led by Capital-E .

Additional investors in the Series B round include LRM, Munich Venture Partners and Unixtar. The financing will be used to ramp-up production of the company’s optical modules – tiny circuit boards inside cable connectors; upgrades to the company’s module factory located in Hasselt, Belgium; the hiring of additional design engineers; and opening of local customer support offices in Asia.
 
Capital-E, LRM and Munich Venture Partners are repeat investors from the company’s Series A round which closed in March 2015 and raised a total of EUR23m (USD26.78m); Unixtar, one of the company’s partners, is a new investor.
 
“The Silicon Line team has built a formidable portfolio of technologies and products which are already influencing current and future product development in North America, Asia and Europe,” says Ruud van der Linden, CEO, Silicon Line. “We’re grateful to our funding partners – past and new – who are providing the resources required to allow the company to expand and take advantage of the market opportunity we have created.”
 
“In much the same way as copper cables began to collapse in data centres, there is now a significant role to play for active and passive optical cables in consumer and automotive electronics. Silicon Line has the critical components at scalable pricing levels to make this transformation last,” says Pascal Vanluchene, partner, Capital-E.
 
“Silicon line has achieved a great breakthrough in a high-tech market. As an investment company, we are very pleased to be able to give such a fast-growing company, operating from Corda Campus in Hasselt, Belgium, the extra boost they need,” says Lieven De Jonge, head of Smart Manufacturing, LRM.
 
“The Silicon Line Team has realised a remarkable breakthrough technology platform enabling many applications for international markets, such as consumer electronics, medical devices, industrial and new virtual reality/augmented reality,” says Rolf Nagel, managing director, Munich Venture Partners.
 

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured