KPN Ventures has invested in imec.xpand, a technology investment fund focused on commercializing technological innovations spun-off or (co-)developed at Leuven, Belgium-based imec, a leading research institute in the field of nanoelectronics and ICT-technology.
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.

About imec.xpand
Imec.xpand is an early stage and growth venture capital fund with a game-changing approach to turn hardware driven nanotechnology innovation into successful global companies. The fund is independently managed by a team of entrepreneurs, seasoned venture capitalists and business experts and is targeting ambitious tech start-ups that meet all the criteria to become a successful, scalable venture with the potential to change the world. Imec.xpand will boost those ventures by supporting them operationally and financially from seed to exit, by enabling capex light innovation in a capex heavy environment and by giving them access to the unique imec knowledge, expertise, network and state of the art infrastructure.
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