TLDR:
Imec.xpand, a deeptech VC firm, raises €300 million to invest in startups focusing on AI, semiconductors, nanotechnology, photonics, and quantum computing. The firm has invested in 23 companies, including two unicorns, and is expanding its presence in the Netherlands to focus on semiconductor development. The fund aims to accelerate innovative technologies to market and contribute to Europe’s goal of doubling its global market share in semiconductors by 2030.
Full Article:
Flemish venture capital firm Imec.xpand has raised €300 million to invest in deeptech startups, targeting industries such as AI, semiconductors, nanotechnology, photonics, and quantum computing. A spinoff from Leuven-based Imec, one of the world’s largest microelectronics research institutions, the VC has already invested in 23 companies, with two unicorns in its portfolio.
Imec.xpand has recently opened a new office in the Netherlands, focusing on semiconductor development in collaboration with tech innovation in Eindhoven. The firm has supported startups like Axelera AI and Onera, which specialize in edge computing chips and clinical-grade sleep tests, respectively.
The VC’s push for semiconductor tech aligns with Europe’s Chips Act, aiming to increase the bloc’s global market share in semiconductors from 10% to 20% by 2030. With a focus on empowering startups to bring innovative technologies to market swiftly, Imec.xpand plays a crucial role in the global race for semiconductor supremacy.
Overall, the firm’s fundraising and expansion efforts contribute to advancing the semiconductor industry and supporting Europe’s goal of strengthening its position in this crucial technology sector.
