imec.xpand

imec.xpand is an independent venture capital fund based in Leuven, Belgium, that invests in early-stage and growth deep tech startups. The firm primarily targets sectors including semiconductors, nanotechnology, frontier technology, and artificial intelligence, leveraging the R&D capabilities, network, and infrastructure of imec to assess technology risks and support its portfolio companies. It manages approximately €400 million in assets and has invested in 23 companies to date, recently closing its second fund, imec.xpand Fund II, exceeding its €250 million target in May 2024. Key personnel include managing partner Tom Vanhoutte and partner Peter Vanbekbergen, with Cyril Vancura also part of the investment team. imec.xpand was founded in 2019 by Tom Vanhoutte and Peter Vanbekbergen. Its business model centers on venture capital fund raising commitments from limited partners to invest in startups, operates independently with funds like Fund II.