About ELAS
ELAS is a venture capital firm founded in 2018. It is primarily based out of Hamburg, Germany. As of Sep 2024, ELAS has invested in 12 companies. It primarily invests in Seed round in Canada based startups. Its investments are spread across a wide range of sectors from High Tech to Semiconductors and Auto Tech. Most recently it participated in the $***** Series A round of Quantum Optics Jena Overall, ELAS portfolio has seen 3 acquisitions, namely Ficontec, Vanguard Automation and OTS Service. A lot of funds co-invest with ELAS, with names like i4 Capital sharing a substantial percentage of its portfolio. ELAS has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed
Portfolio Acquisitions
ELAS's List of Top Investments
ELAS has a portfolio of 12 companies. Their most notable investments are in Femtum and Quantum Optics Jena.Their portfolio spans across Germany, Canada and United States. They have invested in High Tech, Semiconductors, Auto Tech and 6 other sectors, across stages such as Seed stage. Here is the list of top investments by ELAS:1. Femtum
Femtum is a manufacturer of fiber lasers. The company offers fiber laser products like Femtum Ultra 2800, Femtum UltraTune 3400, and Femtum Amp 2800. It can be used in Fundamental physics, Nonlinear optics, Supercontinuum generation, Strong-field physics, Biomedical, Tissue ablation, Hyperspectral imaging/microscopy, Spectral Domain OCT, Military, Counter measurements, Advanced telecommunication, Chemical remote sensing, Spectroscopy, Ultrafast vibrational chemistry, Remote gas sensing, and Frequency Combs.
Key facts about Femtum
- Founded Year: 2016
- Location: Quebec City (Canada)
- Stage: Series A
- Total Funding till date: $15.5M
- Employee Count: 38 as on Aug 31, 2026
- Investors: Cathay Financial Holdings, Invest Quebec and 9 Others
- Latest Funding Round: Series A, Mar 12, 2026, $*****
- Highlight: Editors' Pick
2. Ficontec
Manufacturer of automated assembly and testing systems for photonic devices. The company's systems serve industries including telecom, datacom, and automotive. The company offers solutions for device development, product introduction, and high-volume production. The company's equipment design uses a modular approach to meet customer-defined processes.
Key facts about Ficontec
3. siOPTICA
Developer of switchable privacy display solutions for various industries. The company provides technology licenses, key components, and integrated switchable privacy displays. These solutions cater to banking, payment, automotive, and consumer electronics sectors. The technology helps prevent visual hacking and shoulder surfing by integrating into LCD screens. The company focuses on serving existing client demands with innovative products.
Key facts about siOPTICA
Provider of 3D printing technology for the electronic industry. It offers 3D printing machinery and software for additive nanofabrication of freeform waveguides and micro-optical elements. Its features include low-loss coupling to surface-emitting and edge-emitting devices, high volume manufacturing, automated detection of customer-specific coupling interfaces, process control software, and 3D waveguide routers. It has applications in manufacturing photonic wire bindings, transceivers, and micro-lenses.
Key facts about Vanguard Automation
Key facts about Quantum Optics Jena
- Founded Year: 2019
- Location: Germany
- Stage: Series A
- Total Funding till date: $9.37M
- Employee Count: 29 as on Aug 31, 2026
- Investors: Fraunhofer, Join Capital and 5 Others
- Latest Funding Round: Series A, Sep 12, 2024, $*****
ELAS's Year-on-Year Investment Trends
ELAS has invested in 12 companies over the last 5 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Femtum and most recent follow-on round was in Quantum Optics Jena.ELAS's Investments by Stage
ELAS has made 2 investments in Seed stage with an average round size of $3.7M.ELAS's Investments by Sector
ELAS has a diverse portfolio, with companies operating in the Semiconductors, High Tech and Industrial Goods and Manufacturing. Notably, it has invested in 6 Tech companies, 5 Enterprise (B2B) companies, 5 Tech hardware companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
Semiconductors | 2 |
High Tech | 1 |
Industrial Goods and Manufacturing | 1 |
Note: We have considered here, only first round of investments
ELAS's Investments by Geography
ELAS has made most investments in Canada (1), followed by Germany where it has made 1 investment.ELAS's recent investments
ELAS has not made any investment in 2026 so far.Here are the most recent investments by ELAS:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 12, 2024 | Germany | Series A | 4298 | [+3] | |
Jan 31, 2024 | Canada | Seed | 8219 | [+5] | |
Feb 10, 2021 | Germany | Seed | 4623 |
Acquired companies in ELAS's Portfolio
3 companies from ELAS's portfolio have been acquired. The most recent acquisition was Vanguard Automation in Mar 2024 by Mycronic for $*****.Here are ELAS's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 25, 2024 | - | - | 9120 | |
Feb 28, 2023 | - | - | 3225 | |
Jul 03, 2018 | - | - | 7552 |
Team profile of ELAS
ELAS has a team of 2 members including 2 Partners located in Germany. ELAS's team does not sit on the board of any company as of now.Co-investors of ELAS
Over the past 5 years, 16 investors have co-invested in ELAS's portfolio companies. This includes funds and angels.
- Top Co-investors of ELAS: 8 investors entered a company along with ELAS. These include investors like i4 Capital (1 company).
- Invested after ELAS: A total of 8 investors have invested in ELAS's portfolio after their investments. Top Investors include BDC (1 company), Fonds de solidarite FTQ (1 company) and Cathay Financial Holdings (1 company).
Recent News related to ELAS
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Quantum Optics Jena receives EUR 8.5 million in Series A investment roundVenture Capital magazine•Sep 12, 2024•Quantum Optics Jena, ELAS, Fraunhofer, Beteiligungsmanagement Thuringen
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Quantum Optics Jena Secures $9.4M in FundingPhotonics Media•Sep 12, 2024•Quantum Optics Jena, Join Capital, ELAS, Beteiligungsmanagement Thuringen
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Femtum raises more than $5 million in oversubscribed seed round to speed growth in advanced laser solutions for semiconductor manufacturingFemtum•Jan 18, 2024•VIGO Ventures, Femtum, ELAS, i4 Capital and 3 others
