Funding

imec.xpand funding news – Global Venture Capital Fund imec.xpand Secures €300 Million Fund

May 3, 2024 | By Startup Rise EU

An independent worldwide venture capital firm called imec.xpand, with headquarters in Leuven, has raised a new fund valued at €300 million with the goal of spurring the development of breakthroughs in nanotechnology and semiconductors.

An independent worldwide venture capital firm called imec.xpand, with headquarters in Leuven, has raised a new fund valued at €300 million with the goal of spurring the development of breakthroughs in nanotechnology and semiconductors.

SUMMARY

  • An independent worldwide venture capital firm called imec.xpand, with headquarters in Leuven, has raised a new fund valued at €300 million.
  • Investing in early stage innovation at the intersection of corporate venturing, traditional venture capital, and technology transfer is made possible by the innovative approach of Imec.xpand.

The fund was created in partnership with imec, the premier R&D and innovation hub for nanoelectronics in the world. It will invest in firms that have the potential to disrupt their target markets internationally. The fund's mission is to propel next-generation technologies that are ten years ahead of their time and to foster semiconductor innovation beyond conventional applications.

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It makes investments worldwide in all phases, turning ideas in semiconductor and nanotechnology into products that are ready for the market. The fund targets cutting-edge technologies like as artificial intelligence (AI), machine learning (ML), augmented reality/virtual reality (AR/VR), and photonics, with a focus on utilising imec's expertise.

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It is searching for chances in the life sciences to progress neuromodulation, cell therapy, sequencing, and other applications that will transform medical diagnosis and treatment.

Tom Vanhoutte, partner at imec.xpand said, “Imec.xpand is not just about funding startups, it’s about building companies that can lead the next wave of technological transformation, With this fund, we are dedicated to advancing the semiconductor industry by empowering startups to bring innovative technologies to market faster. The combination of our venture capital and international network helps unicorns grow amid the global race for semiconductor supremacy.”

The firms in the Imec.xpand portfolio are creating innovative and distinctive technologies that offer them a competitive edge in their respective sectors on a worldwide scale. Notable firms in the imec.xpand portfolio include Swave Photonics, which is creating a novel holographic extended reality chip technology intended to upend 3D holographic imaging and spatial computing, PsiQuantum, a leader in the race to develop the first practical quantum computer, and Celestial AI, a Palo Alto-based company that recently raised $175 million to advance its optical compute and memory fabric solution for AI infrastructure.

In contrast to previous venture capital programmes, it stands out thanks to its independent management, worldwide reach and size, focused semiconductor emphasis, corporate and financially motivated investors, and broad imec backing.

About imec.xpand

Investing in early stage innovation at the intersection of corporate venturing, traditional venture capital, and technology transfer is made possible by the innovative approach of Imec.xpand.

The fund aims to support nanoelectronics-based innovation projects in smart applications for a sustainable society, including smart health, smart mobility, smart cities, smart industries, and smart energy. It will make extensive use of the vast technological know-how, vision, and expertise of imec and its strategic investors.

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