- Tech fund imec.xpand raises 300 million euros for deep-tech startups in Europe, focusing on AI, photonics, and biotechnology for medical diagnosis
- Fund established in partnership with Imec, a chip research institution in Belgium, with majority of funds from Quaestor Wealth Care
- Imec.xpand has a track record of supporting innovative companies, previously focused on semiconductors and nanotechnologies
- Investments made in high-tech companies around the Leuven research institute, including unicorns PsiQuantum and Celestial AI
- Expansion plans into the Netherlands, with investments in Axelera AI, Scil, and Onera, and a new branch opened in Amsterdam’s financial district
Investment Fund Imec.xpand Raises 300 Million Euros for Deep-Tech Startups
In the fast-paced world of technology, securing funding is crucial for startups to thrive and innovate. A recent development in the European tech scene has caught the attention of industry insiders – a new investment fund from venture capital fund imec.xpand has raised a substantial 300 million euros. This fund is specifically aimed at supporting deep-tech startups, which are companies that require a significant amount of capital and time to develop cutting-edge products.
**Supporting Deep-Tech Innovation**
The focus of this new fund is on key areas such as artificial intelligence, photonics, and biotechnology for medical diagnosis. According to Tom Vanhoutte, a partner at imec.xpand, the primary objective is not just about providing financial support but also about nurturing and building companies that have the potential to become leaders in the next wave of technological advancements. This strategic approach sets imec.xpand apart as a proactive player in the tech investment landscape.
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**A Strong Track Record and Strategic Partnerships**
Imec.xpand has a proven track record of supporting innovative companies, with previous investments spanning areas such as semiconductors and nanotechnologies. The fund was initially established in partnership with Imec, a renowned chip research institution located in Leuven, Belgium. This partnership has provided imec.xpand with valuable insights and connections within the tech ecosystem, enabling them to identify promising startups and facilitate their growth.
**Diversified Funding Sources**
The majority of the funding for this new investment fund comes from Quaestor Wealth Care, a wealth manager based in Roeselare. Quaestor Wealth Care manages investments on behalf of affluent individuals through a separate investment vehicle that pools capital from multiple sources. This approach not only diversifies the funding base but also allows interested parties who may not qualify for direct investment to participate indirectly. The founders of imec.xpand highlight the mutual benefits of this funding structure, emphasizing the collaborative nature of their investment model.
**Expanding Horizons and Strategic Investments**
Imec.xpand is not limiting its scope to Belgium alone but is also eyeing opportunities in the Netherlands, particularly in the Eindhoven region. The fund has already made strategic investments in companies like Axelera AI, Scil (a Philips spinoff), and Onera, a startup focused on diagnosing sleep disorders remotely. By expanding its presence in the Netherlands and establishing a branch in the financial hub of Amsterdam, imec.xpand is positioning itself to tap into the diverse tech landscape of the region.
**Conclusion**
The success of imec.xpand in raising 300 million euros for deep-tech startups underscores the growing interest and potential in the European tech ecosystem. With a focus on key technological domains and a proactive investment approach, imec.xpand is poised to play a significant role in shaping the future of tech innovation in the region. As the fund continues to identify and support promising startups, the tech industry can expect to see more breakthroughs and advancements that push the boundaries of what is possible in the world of technology.
The investment fund imec.xpand’s recent achievement of raising 300 million euros for deep-tech startups marks a significant milestone in the European tech investment landscape. With a strategic focus on key technological domains and a collaborative approach to funding, imec.xpand is well-positioned to support and nurture the next generation of tech innovators.
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