Vexlum has secured a €10 million funding round led by Kvanted, Tesi, and the EIC Fund to enhance its semiconductor laser production in Tampere, marking a significant achievement in the Nordic photonics sector.

Target Company Overview

Vexlum, a Finnish laser technology company, has announced a substantial funding round amounting to ten million euros aimed at scaling its production of semiconductor lasers in Tampere. This funding round includes six million euros in equity financing, led by key investors such as Kvanted, Tesi, and the European Innovation Council Fund (EIC Fund). Additionally, Vexlum received a 2.4 million euro acceleration grant from the EIC Fund and a 1.6 million euro loan from Nordea. This funding round represents the largest seed financing raised by a company in the Nordic photonics sector.

Vexlum specializes in the development of semiconductor-based lasers that address critical bottlenecks in quantum computing and other photonic applications. The company's technology is vital in various fields, including quantum computers, atomic clocks, and optical communication in satellites.

Industry Overview in Finland

The photonics industry in Finland is rapidly evolving, particularly in the Tampere region, which is recognized as a hub for deep-tech expertise and innovation. This sector plays a crucial role in enhancing tec