Linklaters advises the EIC Fund on its investment in NIL Technology’s equity financing round for a total of €26 million
Linklaters has advised the European Innovation Council (EIC) Fund on its investment in NIL Technology (NILT), a Danish company specialized in advanced optical solutions. EIC Fund is participating in the €26 million equity financing round of by NILT, along with other institutional investors, including Jolt Capital, NGP Capital and Vaekstfonden.
Over the past two years, NILT has developed unique solutions for optical components that take optical sensing and 3D imaging to a new level with respect to performance, efficiency, compactness, and material consumption. 3D sensing is a pioneering feature for smartphones, consumer products, AR/MR, autonomous vehicles, etc., where cutting edge real-time sensor technologies are wanted (such as face and gesture recognition or monitoring of surroundings…). Optical components based on NILT’s solutions are already used in flagship smartphones.
The new financing will allow NILT to accelerate its mass production capabilities and expand its product development efforts. NILT will continue to strengthen its development of the revolutionary metalens technology to simplify, reduce size and improve quality across all optical component use cases.
Linklaters previously advised EIC Fund on its first ever investment through its participation in the Series C fundraising of CorWave, a French company developing an implantable heart pump, in January 2021.
The Linklaters team was comprised of Energy & Infrastructure partner Darko Adamovic, and of Corporate team members Mehdi Boumedine, managing associate and Margaux Sartre, associate.