Flemishventure capitalfirm Imec.xpand has raised 300mn to invest in deeptech startups.
The VC is a spinoff from Leuven-based Imec, one of the worlds largest microelectronics research institutions.
The new fund targetsAI, semiconductors, nanotechnology, photonics, and quantum computing.
It will also invest in startups working on new ways to diagnose and treat medical conditions.
To date, Imec.xpand has invested in 23 companies which have so far raised a combined 1.5bn in funding.
This includes two unicorns companies valued at 1bn or more.
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Imec.xpand recently opened a new office in the Netherlands, according to Dutch newspaperHet Financieele Dagblad.
It wants to focus more on the region, particularly in Eindhoven a city renowned for tech innovation.
The VC has already supported severalstartupsin the region.
Push for semiconductor tech
With this latest fundraising, Imec.xpand focuses in particular on semiconductor development.
One of the themes of this years TNW Conference is Venture: Show Me The Money.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
