Pangaea Ventures leads $7.9 Series A financing of Aeponyx
Aeponyx, a Montréal-based fabless micro-optical switch semiconductor chips designer and maker, has raised $7.9 million in a Series A financing. The round was led by Pangaea Ventures, a Canadian advanced materials venture capital firm. It was joined by Fonds Innovexport and Ecofuel Fund, which backed the company's $4.3 million seed financing in 2017, and other investors. Aeponyx will use the funds raised to ramp up commercial production of its planar micro-optical switch chips, which are based on technology that combines silicon photonics with micro-electro-mechanical systems. Founded in 2011, Aeponyx is led by CEO Philippe Babin.
14 March 2019•3 mins read
