Enschede-based microelectromechanical systems startup LioniX International has seen its equity change hands following a €3.5 million secondary investment by four Dutch investors: Invest-NL, Universiteit Twente Holding, Oost NL and PhotonDelta.
Tech.eu has learned that the interest was acquired from a South Korean investor, in an effort to "strengthen" Dutch deep tech.
State-owned development bank Invest-NL leveraged its Deep Tech Fund, a partnership with the Dutch climate and economic affairs ministry, to acquire shares.
Founded in 2001, LioniX International specialises in custom-built microsystems equipped with MEMS device arrays and photonic laser-driven circuit boards.
Such technology is helping to deliver augmented reality, VR, biosensing, telecoms and photonic circuits for quantum computers.
LioniX supplies OEMs (original equipment manufacturers) with full module development encompassing circuit design and micro fab capacity for making prototypes, as well as testing services and help with packaging and assembly.
Arne Leinse, CEO of LioniX International, said: "We are extremely happy to announce this investment in LioniX International together with these leading Dutch shareholders.
"This set of investors enables further growth for LioniX International towards the future. We are excited to continue developing and delivering cutting-edge microsystem solutions to our current, and new clients around the globe.”
Leo Holwerda, managing director of Invest-NL's Capital unit, added: "This investment is an exciting step forward for both LioniX International and the Dutch tech industry as a whole. It fits perfectly with the ambitions of our Deep Tech Fund which aims to invest in knowledge intensive start- and scaleups that have the potential to bring innovation in the Netherlands to the next level.”