CMS advises on EUR 13.5 million seed funding for Pixel Photonics
Frankfurt/Main – The Münster-based deep-tech company Pixel Photonics has raised a total of EUR 13.5 million. The funding comprises an equity-first closing and a grant from the European Innovation Council (EIC) Accelerator. The EIC funding includes a grant and equity financing.
The equity-first closing is led by Futury Capital as the lead investor. Other investors include the German Federal Agency for Breakthrough Innovation (SPRIND), Kensho Ventures and the High-Tech Gründerfonds (HTGF). Pixel Photonics intends to use the fresh capital to further develop its high-performance photon detection technology and translate it into scalable industrial applications.
A CMS team led by Dr Florian Plagemann and Dr Joachim Dietrich provided comprehensive legal advice during the seed financing round. During the due diligence process, the AI-based due diligence solution developed in-house by CMS was used. This enables an efficient process whilst ensuring that the highest compliance requirements are met. Particularly for financing rounds of this magnitude, CMS thus offers a service that ensures the greatest possible transparency and compliance with financial investors' (internal) governance requirements, while maintaining reasonable cost efficiency.
Futury Capital is a venture capital firm based in Frankfurt am Main that invests in technology-oriented start-ups with high growth potential. The focus is particularly on deep-tech and B2B technologies from Europe. In addition to providing capital, Futury Capital supports its portfolio companies with a strong network spanning industry, science and entrepreneurship.
Pixel Photonics was founded in 2021 as a spin-off from the University of Münster and develops superconducting single-photon detectors. The technology is based on so-called waveguide-integrated superconducting nanowire single-photon detectors (WI-SNSPDs), which enable ultra-precise light detection. Applications range from quantum computing and quantum key distribution to microscopy and metrology, as well as applications in medical diagnostics.
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