Vexlum Secures €10 Million to Scale Semiconductor Laser Manufacturing for Quantum and Space Applications
Vexlum has raised €10 million to enhance its semiconductor laser manufacturing in Tampere, Finland. The funding, considered the largest Seed round for a Nordic photonics company, includes €6 million from Kvanted and grants from Tesi and the EIC Fund. This capital will enable Vexlum to expand production for applications in quantum computing, satellite communications, and more, aiming for €100 million in revenue by 2030. The company utilizes III-V semiconductor materials for laser wafers, which are critical for high-tech industries.
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Vexlum, based in Tampere, Finland, has raised €10 million to scale its semiconductor laser manufacturing operations. The funding includes €6 million in equity from Kvanted and additional support from Tesi and the EIC Fund.
This is reported as the largest Seed round for a Nordic photonics company. The investment will enhance Vexlum's capacity to produce lasers for applications in quantum computing, satellite communications, and optical atomic clocks, with a revenue target of €100 million by 2030. Vexlum uses III-V semiconductor materials and a molecular beam epitaxy process to manufacture its laser chips, ensuring quality and reliability across various wavelengths.
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