HomeBelgiumImec.xpand Launches €300M Fund Targeting Global Semiconductor and Nanotechnology Innovation

Imec.xpand Launches €300M Fund Targeting Global Semiconductor and Nanotechnology Innovation


Imec.xpand, a Leuven, Belgium – and Amsterdam, The Netherlands-based venture capital firm, announced the launch of a new €300m fund aimed at accelerating the growth of semiconductor and nanotechnology innovations.

Established as a collaborative effort with imec, an R&D and innovation hub in nanoelectronics, the fund will invest in startups that have the potential to be globally disruptive within their target domains. The fund is designed to accelerate semiconductor innovation beyond traditional applications and drive the next-generation technologies that are 10 years ahead of their time.

Imec.xpand invests globally across all stages, transforming semiconductor and nanotechnology innovations into market-ready solutions. Focused on leveraging imec’s expertise, the firm targets breakthrough technologies including artificial intelligence (AI), machine learning (ML), augmented reality/virtual reality (AR/VR) and photonics. In life sciences, imec.xpand is looking for opportunities to advance cell therapy, sequencing, neuromodulation and other applications that will revolutionize medical diagnostics and treatments. 

The first imec.xpand fund was launched in 2017 with the support of imec. To date, the firm has invested in 23 companies that, so far, have raised nearly EUR 1.5 billion in financing and includes two unicorns. Portfolio companies include Celestial AI, a Palo Alto-based company that recently raised $175m USD to advance its optical compute and memory fabric solution for AI infrastructure; PsiQuantum, a frontrunner in the race to develop the first practical quantum computer; and Swave Photonics, developing a holographic extended reality chip technology designed to disrupt 3D holographic imaging and spatial computing.