Innolume Raises Series C

Innolume, a provider of quantum dot laser diodes and modules covering the 1000 nm to 1320 nm optical spectrum, has raised EUR 8.6 million in Series C funding. S-Group Capital Management led the round, and was joined by Applied Ventures and return backers NRW.BANK, PEPPERMINT.Financial Partners, S-VentureCapital Dortmund, Robert Young and Juergen Kurb. The company has offices in Germany and Santa Clara, California.

 

PRESS RELEASE

Innolume, the leading provider of quantum dot (QD) laser diodes and modules covering the 1000 nm to 1320 nm optical spectrum, today announced that it secured a Series C round of financing for EUR 8.6 million. The round was led by S-Group Capital Management Limited (SGCM) with Applied Ventures, LLC joining as a new investor. Existing investors NRW.BANK, PEPPERMINT.Financial Partners, S-VentureCapital Dortmund, Robert A. Young and Juergen Kurb also participated.

With this Series C funding, Innolume will enhance production capabilities and marketing activities to sustain growing revenues generated by its unique quantum dot laser products for telecommunication, industrial and medical applications, as well as for further development of its revolutionary comb-laser and related photonic integrated circuits in cooperation with top tier semiconductor companies. This comb source is a single laser diode providing up to hundreds of stable lasing lines for WDM optical interconnects in computer applications.

“The race is on to reduce the cost of optical solutions for short reach interconnects to the level needed by high volume, mainstream computing applications,” said Juergen Kurb, CEO of Innolume. “Our vision is to enable high-density, low-cost wavelength-division multiplexing (WDM) transmission by using a single light source for all wavelengths