The deep tech venture fund linked to Imec has raised $166m for its second fund, more than halfway to its $277m target.

Imec.xpand, the Belgium-based deep tech venture fund aligned with research institute Imec, achieved a first close of €150m ($166m) for its second fund yesterday thanks to a mix of new and returning limited partners.

Fidimec, an investment fund of the Flemish government, supplied $36.7m in May 2021, while “most” limited partners from the first Imec.xpand fund returned, according to local newspaper De Tijd.

Imec.xpand partner Tom Vanhoutte told De Tijd the roster of limited partners included institutional investors, family…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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