A photoelectric connector assembly includes a first lens member connecting with fiber cables and defining convex lenses opposite to fiber cables, a connector and a substrate embedded with waveguides. The connector defines a mating cavity running through a front face thereof and inserted with said first lens member. The connector includes terminals with contacting sections exposing to the mating cavity, a second lens members. The second lens member is located at back of the first lens member and defines first convex lenses at a front face thereof and second convex lenses at a rear face thereof. The first convex lenses are coupled with the convex lens of the first lens member. The substrate defines light ports at free ends of the waveguides. The substrate is seated with the connector and the light ports are coupled with the second convex lenses of the second lens member.