KPN Ventures has invested in imec.xpand, a technology investment fund focused on commercializing technological innovations spun-off or (co-)developed at Leuven, Belgium-based imec, a leading research institute in the field of nanoelectronics and ICT-technology.

The fund aims to fund companies developing technical innovations amongst other related to semiconductors, sensoring, AI, life sciences and digital technology platforms applicable to various business domains enabling “smart” cities, -mobility, -industry, -health and -energy developments.

Since its launch in 2017, the fund has attracted renowned strategic and institutional investors including: Samsung Electronics, BNP Paribas Fortis, Applied Materials and Philips. The final close, with KPN Ventures joining as one of four new investors, has brought the total fund size to €117 million, from €97 million earlier this year.

This is KPN Ventures’ third investment in a tech-transfer fund, which focuses on early-stage financing of commercial spin-offs from university research centers. Previously, KPN Ventures invested in Enschede-based Cottonwood Technology Fund and Paris-based PSL Innovation Fund. Investments in tech-transfer funds help expand KPN’s network of potential innovative technology partners.

You can read the full press-release here.

 

 

About imec.xpand
Imec.xpand is an early stage and growth venture capital fund with a game-changing approach to turn hardware driven nanotechnology innovation into successful global companies. The fund is independently managed by a team of entrepreneurs, seasoned venture capitalists and business experts and is targeting ambitious tech start-ups that meet all the criteria to become a successful, scalable venture with the potential to change the world. Imec.xpand will boost those ventures by supporting them operationally and financially from seed to exit, by enabling capex light innovation in a capex heavy environment and by giving them access to the unique imec knowledge, expertise, network and state of the art infrastructure.

For more information about imec.xpand please visit us on www.imecxpand.com.

KPN Ventures invests in Belgian early-stage technology investment fund