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) this week, 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…

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