imec.xpand

imec.xpand invests globally in early-stage companies focused on nanoelectronics-based innovations. The fund primarily targets pre-seed, seed, and seed-plus stages, providing capital to entrepreneurs who are developing transformative technologies. The sectors of interest include artificial intelligence, quantum computing, photonics, and healthcare, reflecting a commitment to advancing frontier technologies.

The investment strategy emphasizes leveraging imec's extensive network of co-investors, industry partners, and imec centers to identify and support promising startups. imec.xpand seeks to partner with entrepreneurs who demonstrate a strong vision and capability to drive innovation in their respective fields. The fund's thesis is centered around de-risking early-stage investments in deep tech by utilizing imec's world-class infrastructure and expertise.

imec.xpand's deal structure preferences include a focus on long-term partnerships, allowing for extended incubation periods that accommodate the lengthy development cycles often associated with deep tech ventures. This approach positions imec.xpand as a valuable ally for startups navigating the challenges of bringing groundbreaking technologies to market.

imec.xpand's portfolio includes a diverse range of companies specializing in semiconductor and nanotechnology innovations. Notable portfolio companies include:

• Mojo Vision: Micro-LED platform.
• Aerospacelab: End-to-end satellite systems.
• Q.ANT: Photonic computing.
• Celestial AI: Optical interconnect technology.
• Eyeo: Advanced high-resolution imaging.
• Vertical Compute: Vertically integrated memory.
• Nubis Communications: Optical chip-to-chip communication.
• INBRAIN: Neuroelectronic therapies.
• PsiQuantum: Quantum computing, a leading quantum hardware company.
• Solithor: Solid state battery technology.
• Xavveo: Physical AI systems.
• Wise Integration: Integrated GaN circuits.
• Zafrens: High-throughput drug discovery.
• Axithra: Therapeutic drug monitoring.
• Optalysys: Optical compute platform.
• Swave: Free-standing holograms.
• LUMA Vision: Cardiac imaging technology.
• SCIL: Nano-imprint lithography.
• Azalea Vision: Smart Lens FMC.
• FeFET Memory: Advanced memory technology.
• Indigo: Continuous glucose monitoring.
• Micledi: Microdisplays and Micro LED technology.
• Fabric8Labs: Metal 3D Printing.
• Nagi Bioscience: Organism-on-chip technology.
• Spectricity: Integrated optical spectral sensing.
• Axelera AI: AI Chip.
• Morrow: Tuneable eyeglasses.
• Onera: Digital sleep diagnostics.

This portfolio reflects imec.xpand's commitment to supporting pioneering technologies that have the potential to reshape industries and improve lives.

Tom Vanhoutte: Partner & Co-founder. Tom has extensive experience in venture capital and technology commercialization, having previously worked at imec and other investment firms.

Peter Vanbekbergen: Partner & Co-founder. Peter brings a strong background in technology and investment, with a focus on deep tech sectors.

Frank Bulens: Partner. Frank has a wealth of experience in venture capital and has been involved in numerous successful investments in the semiconductor industry.

Cyril Vančura: Partner. Cyril specializes in early-stage investments and has a deep understanding of the technology landscape.

Bert Gyselinckx: Partner. Bert has a strong background in engineering and technology, contributing valuable insights to the investment process.

Benoit Devogelaere: Partner. Benoit has extensive experience in venture capital and technology transfer, focusing on supporting startups in their growth journeys.

Michael Engelmann: Principal. Michael plays a key role in sourcing and evaluating investment opportunities within the fund's focus areas.

Jonathan Fajardo Cortes: Principal. Jonathan is involved in deal sourcing and portfolio management, leveraging his expertise in technology and investment.

Moritz Müller: Investment Associate. Moritz supports the investment team in analyzing potential deals and managing portfolio companies.

Marrit van den Heuvel: Portfolio Manager. Marrit oversees the fund's portfolio, ensuring alignment with investment strategies and objectives.

Tine Nelissen: Marketing & Communications. Tine manages the fund's communications and marketing efforts, enhancing its visibility in the startup ecosystem.

Startups interested in pitching to imec.xpand should visit their website at imec.xpand for detailed information on the application process. The fund prefers pitches that include a clear overview of the technology, market potential, and the founding team's background. A well-structured pitch deck is essential, and founders should be prepared for follow-up discussions.

imec.xpand values warm introductions but is open to direct applications through their website. Response times may vary, but startups can expect timely feedback on their submissions.

On May 2, 2024, imec.xpand announced the successful closure of Fund II, raising approximately $320 million to support early-stage deep tech startups. This fund exceeded its initial target of €250 million, reflecting strong investor confidence in imec.xpand's strategy.

In recent months, imec.xpand has been actively engaging with the startup ecosystem, focusing on identifying and nurturing promising entrepreneurs in the semiconductor and nanotechnology fields. Notable portfolio company PsiQuantum has emerged as a leading player in quantum computing, achieving unicorn status.

Celestial AI, another portfolio company, recently raised $175 million in a funding round to advance its optical compute and memory fabric for AI infrastructure. This highlights imec.xpand's commitment to supporting transformative technologies that have the potential to reshape industries.