TLDR:
Imec.xpand, a tech fund, has raised 300 million euros for deep-tech startups in Europe. The fund focuses on AI, photonics, and biotechnology for medical diagnosis. Quaestor Wealth Care, a wealth manager, is the main contributor to the fund. Imec.xpand has invested in 23 companies, including two unicorns. The fund is expanding to the Netherlands.
Tech fund imec.xpand raises 300 million euros for deep-tech startups
A new investment fund from venture capital fund imec.xpand has raised 300 million euros for European deep-tech startups, focusing on AI, photonics, and biotechnology for medical diagnosis. The fund aims to support companies that can lead in technological developments.
Most of the funding comes from Quaestor Wealth Care, enabling investments from wealthy individuals. Imec.xpand has a track record of supporting innovative companies, with previous investments in semiconductors and nanotechnologies.
The fund’s earlier investments include two unicorns, PsiQuantum and Celestial AI, with ties to Leuven research institute in Belgium. Imec.xpand has expanded its investments to include Dutch companies such as Axelera AI, Scil, and Onera, with a new branch in the Netherlands.
