Highwave Optical Technologies, the French optical components manufacturer listed on the Nouveau Marché, has raised €32m ($28m) from venture capital investors Newbury Ventures, Technoventures, and DB Capital Venture Partners.

Newbury Ventures, the California-based early stage investor targeting the communications sector, and Technoventures, the US based venture capital focussed on the French communications sector, invested €11m each. Both firms have invested in Highwave's previous funding rounds. DB Capital Venture Partners, the venture capital arm of Deutsche Bank, was a new investor, committing €10m.