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…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?
Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).