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Monday, April 15, 2024

Cuatrecasas helps Meetoptics raise €1m in funding round

Cuatrecasas has advised Meetoptics, a global search engine specialising in photonics, on its last funding round, securing €1 million backed by ENISA, local public funds and business angels

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Meetoptics has closed a new €1 million round backed by ENISA, local, state and European public funds, and several business angels.

The funds raised will go to scale the development of the platform and provide thousands of professionals in the photonics industry access to this technology. The contributions come from follow on investors such as Helena Torras who have been joined by leading business angels in the industry such as the Austrian Hansi Hansmann; Matt Robinson; Josep Maria Tarragó, Oriol and David Ribas from WallBox, Marina Planas (CEO and co-founder of TheNTWK); WA4STEAM, BeckIngridients (led by AnAn & Victor from the ESADE BAN network), as well as other pioneering investors in the photonics industry and startup lovers.

The company has also received grants from the Generalitat de Catalunya and the Spanish Government, through the NEOTEC, Emprendeduría Femenina and ICEX Next programmes, to support R&D development and boost the company’s internationalisation.

Meetoptics is a Barcelona-headquartered global search engine specialising in photonics. Its solution is aimed at engineers and researchers who need to find and compare technical equipment among verified suppliers in the industry. A pioneer in the development of this type of software, Meetoptics has developed an artificially intelligent algorithm that standardises technical equipment within the industry, enabling tens of thousands of researchers, engineers and companies to access all types of optical components, lasers and other products that make up light technology quickly and easily, saving months of searching. The company is among the 50 women-led science companies that the Women TechEU project will support financially this year. In addition to financial support, the programme offers mentoring and networking opportunities to the selected women entrepreneurs.

Cuatrecasas advised Meetoptics with a Barcelona office team formed by Commercial/M&A and Venture Capital partner Isabel Gandoy, along with associates Xavier Morera and Santiago Casas.

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