KPN Ventures invests in Belgian early-stage technology investment fund

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.