IMEC venture capital passes €100 million goal

September 12, 2018 // By Peter Clarke
Imec.xpand, the venture capital branch formed by the IMEC research institute in 2017, has closed its first fund at €117 million (about $135 million) surpassing its goal of raising €100 million.

The VC firm was created to invest in early-stage and growth startups originating both inside and outside IMEC while making use of IMEC's technology knowledge and expertise and where access to IMEC engineering and cleanrooms can be a differentiator or an aid to success.

Since it was launched in 2017 it has attracted money from Samsung Electronics, BNP Paribas Fortis, Applied Materials, SK Hynix, Philips, the Brabant development company BOM, KBC Insurance, the Belgian federal investment company SFPI-FPIM and several high net worth individuals and universities.

The fund is managed by Peter Vanbekbergen, Frank Bulens, Cyril Vančura and Tom Vanhoutte.

Related links and articles:

www.imecxpand.com

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