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imec.xpand

Europe, Vlaams-Brabant, Belgium, Leuven

Description

Imec.xpand is an independent venture capital fund strategically aligned with imec, a world-renowned research and innovation hub in nanoelectronics and digital technologies. Based in Leuven, Belgium, the fund specializes in early-stage investments, targeting disruptive deep-tech startups that leverage nanoelectronics-based innovation. Their unique value proposition stems from providing portfolio companies with unparalleled access to imec's extensive intellectual property, state-of-the-art infrastructure, and a vast network of experts and industry partners, accelerating technology development and market entry.

The fund's investment thesis centers on identifying companies poised to revolutionize sectors such as artificial intelligence, the Internet of Things, healthcare, automotive, communication, and energy. They seek out ventures with strong scientific foundations and scalable business models that can significantly benefit from imec's technological prowess. This symbiotic relationship allows imec.xpand to de-risk early-stage investments by offering more than just capital, providing a critical competitive edge for deep-tech startups navigating complex R&D cycles.

Imec.xpand typically provides initial investments ranging from €500,000 to €2.5 million, which translates to approximately $540,000 to $2.7 million USD based on recent exchange rates. They also have the capacity for significant follow-on investments, potentially committing up to €10 million per company over multiple rounds. The fund is currently deploying capital from its second fund, imec.xpand II, which has a target size of €150 million. This follows the success of their inaugural fund, imec.xpand I, which closed at €117 million.

While headquartered in Belgium, imec.xpand maintains a global investment outlook, actively seeking promising opportunities worldwide. Their mission is to foster the growth of groundbreaking technologies that emerge from or can be significantly enhanced by imec's research, ultimately aiming to create global leaders in the deep-tech landscape.

Investor Profile

imec.xpand has backed more than 37 startups, with 6 new investments in the last 12 months alone. The firm has led 21 rounds, about 57% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in Belgium, United States, The Netherlands.
  • Strong thematic focus on Semiconductor, Manufacturing, Health Care.
  • Led 5 rounds in the past year.
  • Typical check size: $540K – $2.7M.

Stage Focus

  • Seed (38%)
  • Series A (32%)
  • Series B (22%)
  • Series Unknown (5%)
  • Series C (3%)

Country Focus

  • Belgium (35%)
  • United States (22%)
  • The Netherlands (19%)
  • Ireland (5%)
  • Germany (5%)
  • France (3%)
  • United Kingdom (3%)
  • Switzerland (3%)
  • Spain (3%)

Industry Focus

  • Semiconductor
  • Manufacturing
  • Health Care
  • Medical Device
  • Health Diagnostics
  • Artificial Intelligence (Ai)
  • Medical
  • Nanotechnology
  • Biotechnology
  • Machine Learning
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does imec.xpand frequently co-invest with?

Invest-NL
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 4
Qbic Fund
North America, Wisconsin, United States, Belgium
Co-Investments: 5
BOM
Europe, Noord-Brabant, The Netherlands, Tilburg
Co-Investments: 6
Lam Capital
North America, California, United States, Fremont
Co-Investments: 2
imec
Europe, Vlaams-Brabant, Belgium, Leuven
Co-Investments: 4
Innovation Industries
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 5
EQT Life Sciences
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 3
PMV
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 4
M Ventures
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 3
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 2

Which angels does imec.xpand often collaborate with?

EH
North America, New York, United States, New York
Shared Deals: 1
SS
North America, Nevada, United States, Las Vegas
Shared Deals: 1
WD
North America, California, United States, Santa Clara
Shared Deals: 1
MC
North America, Texas, United States, Dallas
Shared Deals: 2

What are some of recent deals done by imec.xpand?

Q.ANT

Stuttgart, Baden-Wurttemberg, Germany

Q.ANT develops and manufactures quantum sensors, photonic chips, and processors for quantum computing.

ManufacturingQuantum ComputingSemiconductorSensor
Series AJul 17, 2025
Amount Raised: $71,861,146

Eyeo is fundamentally redefining image sensing by eliminating decades-old limitations.

SeedMay 7, 2025
Amount Raised: $17,043,498
Zafrens

San Diego, California, United States

Zafrens offers a throughput platform for cell characterization, correlating molecular profiles to phenotype for accelerated drug discovery.

BiotechnologyChemical EngineeringLife Science
Series AFeb 4, 2025
Vertical Compute

Louvain-la-neuve, Vlaams-Brabant, Belgium

Vertical Compute offers chiplet-based technology that cuts data movement to achieve up to 80% energy savings.

ComputerElectronicsManufacturing
SeedJan 14, 2025
Amount Raised: $20,612,203
Swave Photonics

Leuven, Vlaams-Brabant, Belgium

Swave Photonics is a fabless semiconductor firm that designs and manufactures holographic chips based on diffractive photonics technology.

Augmented RealityManufacturingMetaverseSemiconductor
Series AJan 3, 2025
Amount Raised: $27,733,581
Xavveo

Berlin, Berlin, Germany

Xavveo is a developer of photonic radar sensor technology that aims to transform manufacturing automation and driverless cars.

AutomotiveIndustrial AutomationSemiconductor
SeedNov 5, 2024
Amount Raised: $8,600,000
INBRAIN Neuroelectronics

Barcelona, Catalonia, Spain

INBRAIN Neuroelectronics is a BCI therapeutics company using graphene to build the least invasive and most intelligent neural platform

Artificial Intelligence (AI)BiotechnologyConsumer ElectronicsHealth CareMedical DeviceNanotechnologySemiconductorTherapeutics
Series BOct 29, 2024
Amount Raised: $49,771,699
MICLEDI Microdisplays

Leuven, Vlaams-Brabant, Belgium

MICLEDI Microdisplays is an experienced executive in the semiconductor industry,

Semiconductor
Series AMar 12, 2024
Amount Raised: $25,000,000
Wise Integration

Hyères, Provence-Alpes-Cote d'Azur, France

Wise Integration is a developer of GaN-integrated solutions to miniaturize power supplies and improve energy efficiency.

Energy EfficiencyManufacturingSemiconductor
Series BFeb 29, 2024
Amount Raised: $16,208,962
Onera Health

Eindhoven, Noord-Brabant, The Netherlands

Onera Health is a global leader in sleep diagnostics and monitoring.

Health CareHealth DiagnosticsMedicalMedical DeviceNanotechnologyWearables
Series CJan 16, 2024
Amount Raised: $32,635,691