Senior Fund manager

28th of May 2021

PhotonDelta Foundation is looking for a senior Fund Manager to help us to accelerate the integrated photonics industry in the Netherlands.

To have a sustainable and effective ecosystem, PhotonDelta is continuously expanding its connections with strategic partners and building bridges between companies, knowledge institutions and governments, both within a national and international context. A strong ecosystem is a prerequisite to reach success in a growing, global integrated photonics industry. Within the same context and mission our PhotonDelta growth fund is continuously expanding its investment portfolio. By investing in integrated photonics start-ups and scale-ups and not just providing isolated funding, but also a strong network, knowledge, coaching, a strong ecosystem, etc. we enable these company to scale at a significant accelerate rate. In close cooperation with its partners, a highly professional, entrepreneurial team is on its way to realize this unique Dutch industrial footprint in the world. If you think you can help us in this journey, please consider getting in touch. PhotonDelta might be the organization you want to be part of.

Who is PhotonDelta?

As a pioneer in the manipulation of light and with a bright history of innovation, The Netherlands is at the forefront of the groundbreaking integrated photonics industry. PhotonDelta was set up by mandate of the Dutch government to support and accelerate the emerging Dutch integrated photonics industry. PhotonDelta builds an ecosystem of organizations that can design, develop and manufacture world-class innovative solutions based on integrated photonic technology. Within the ecosystem, PhotonDelta actively connects with the EU, Dutch government, provinces, regions and similar photonics ecosystems in Europe, North America and Asia. Our growth fund of €60million provides funding to these companies on a strategic VC like basis.

 Why does the world need photonic chips?

The way we live, work, and relate to one another is profoundly changing, requiring us to rebalance demands for better lifestyles with the world’s limited resources. From ecological agriculture that can feed the growing world population to the advanced health monitoring systems enabling continuum of care, all backed by a growing appetite for data within our 24/7 connected lives. Addressing fundamental societal changes requires radically different systems than those we are using today. Photonic Integration is a key enabling technology that is revolutionizing a wide range of industries. By using light instead of electricity, photonic integrated circuits can sense, capture, process and transmit data in a cheaper, faster, lighter, greener, more robust, and reliable way.
 
Job description

PhotonDelta fund is an innovative growth accelerator dedicated to support our integrated photonics ecosystem in both the manufacturing as well as application side of this industry. On the application side PhotonDelta has four focal areas – Datacom and telecom, Life sciences, infrastructure & transportation and Agriculture. 
 
We are distinct from other funds in that we are purely focused on integrated photonics as Key Enabling Technology and our fund size & strategy plus ecosystem development allows us to be a true a partner for the longer term, supporting ventures through their different stages of development. We provided loans and equity cheques ranging for €250k for seed-funding up to €5 million for growth funding. In the past two years we  made over 15 investments across our ecosystem in Europe resulting in a top decile performance. 
 
As a key next step in our journey, we are looking to hire a Fund Manager to strengthen our funding team. This is a fantastic opportunity for someone with a passion for technology and keen interest in an innovative growth accelerator fund and VC to join a top fund with significant capital deployed and to deploy, with a clear route of progression. The fund is currently managed by our CFO and anticipating our near term future expansion and ambitions, we are looking to expand our funding team with a Senior Fund Manager who (eventually) will be the lead executive of the fund and will report to the CFO.

 Qualifications and requirements

  • Be lead executive of the PhotonDelta fund, reporting to the CFO
  • Building an entire new small funding team
  • Pro-active involvement in deal sourcing & deal flow management. You will be responsible for setting the heartbeat of the fund in terms of deal sourcing
  • Due diligence of new ventures, analyse markets and competitive environments, evaluate and benchmark business models, metrics and technology stack
  • Lead deals with your team largely autonomously
  • Writing and presenting of investment notes / funding proposal for the Management
  • Manage the different stakeholder as part of being the deal lead
  • Together with our ecosystem performing deep dives into technology areas that could be of interest to the fund and markets to determine future investment thesis
  • Active involvement in supporting the current and future portfolio companies on strategic matters and new corporate actions
  • As a prospective board observer for portfolio companies, you are expected to be “ahead of the curve” in terms of your understanding of portfolio companies

 Your profile

  • Graduated from a top tier university, ideally an MSc in basic or applied science (computer science, physics, mathematics, econometrics etc.)
  • At least 5 years of relevant experience; ideally including from product or technology roles, strategic consulting, a tech startup or banking included
  • Prior Venture Capital investing experience is a significant preference
  • High degree of intellectual curiosity and excellent work ethics
  • Outstanding analytical skills, attention to detail, pro-active and self-motivated
  • An ability to build and maintain good relationships with people
  • Is a driven self-starter, needs little guidance and takes ownership
  • Strong written and verbal communication skills
  • High level of energy, enthusiasm, and commitment to success
  • fluent in Dutch and English (write, read, speak)
  • Additional European languages are beneficial

What we offer

We offer you a key position in a small dynamic organization, with a good salary and excellent secondary benefits (bound by WNT legislation). Flexible working environment between home and office (at High Tech Campus in Eindhoven).
 
Interested?

We hope this position excites you and if so, Joachim de Sterke (CFO) is happy to further discuss this position over a coffee. However, before doing so, please send your motivation and CV to Karin Appeldoorn (office@photondelta.com) and we will get in touch with you. 
 
We are happy to receive your response by June 16th. The introductory interviews are scheduled shortly afterwards. 
 

Links
Adres

High Tech Campus 41
5656 AE Eindhoven
The Netherlands

Contact
+31 (0)85 112 43 37
office@photondelta.com