The research institute has achieved a $135m close for its Imec.xpand fund, breaking through its target of $116m just over a year after launching fundraising efforts.
Nanoelectronics research institute Imec announced the close of its early-stage and growth fund Imec.xpand at €117m ($135m) today, above the initial target of €100m set in June 2017.
Apart from Imec itself, limited partners also include several unnamed universities as well as the Flemish government and its investment company PMV, state-owned regional development agency BOM and Belgian government-owned investment firm SFPI-FPIM.
The fund has also attracted consumer products company Samsung Electronics, manufacturing company Applied Materials, semiconductor supplier…
