Samsung, Philips, Applied Materials, SK Hynix, KBC, Belfius, BNP Paribas Fortis and KPN Ventures have all backed the Imec.xpand fund.
Belgium-based nanoelectronics research institute Imec closed its early-stage and growth fund, Imec.xpand, at €117m ($135m) today with backing from a range of corporate limited partners.
The LPs included electronics manufacturers Samsung and Philips, semiconductor technology producers Applied Materials and SK Hynix, insurance firms KBC and Belfius, and BNP Paribas Fortis and KPN Ventures, subsidiaries of financial services firm BNP Paribas and telecoms company KPN respectively.
Imec itself contributed capital, as did the Flemish government and its investment vehicle, PMV, state-owned…
