About imec.xpand
imec.xpand is a venture capital firm founded in 2017. It is primarily based out of Leuven, Belgium. As of Sep 2026, imec.xpand is an active investor, having invested in 35 companies, with 4 new investments in the last 12 months. It primarily invests in Seed round in Belgium based startups. Its investments are spread across a wide range of sectors from High Tech to HealthTech and Life Sciences. Most recently it participated in the $***** Series A round of Euclyd Overall, imec.xpand portfolio has seen 2 unicorns and 3 acquisitions including key companies like PsiQuantum, Fabric8Labs and Celestial AI. A lot of funds co-invest with imec.xpand, with names like Imec sharing a substantial percentage of its portfolio. imec.xpand has team of 11 people including 7 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
imec.xpand's List of Top Investments
imec.xpand has a portfolio of 35 companies, including 2 unicorns. Their most notable investments are in eyeo and Pulsify Medical.Their portfolio spans across Belgium, United States, Netherlands and 5 more locations. They have invested in High Tech, HealthTech, Life Sciences and 8 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by imec.xpand:
1. PsiQuantum
Developer of photon-based universal quantum computers. It uses photonic technology to develop error-corrected general-purpose quantum computers. It has applications in drug discovery, personalized medicine, artificial intelligence, and materials sciences.
Key facts about PsiQuantum
- Founded Year: 2015
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $2.32B
- Employee Count: 672 as on Sep 30, 2026
- Investors: T. Rowe Price, Baillie Gifford and 39 Others
- Latest Funding Round: Series E, Sep 10, 2025, $*****
- Highlight: Editors' Pick
2. Mojo Vision
Developer of AR-based monochrome display. It is developing an augmented reality-based computing platform that claims to deliver relevant information without the intrusions of mobile devices like smartphones, tablets, or wearables. Its chief offering is a tiny monochrome display, featuring multiple density pixels per square inch. It can be placed close to the eye and the company claims that the same's pixel density is about greater than the standard phone screen and denser than those displays found on other VR headsets
Key facts about Mojo Vision
- Founded Year: 2015
- Location: Saratoga (United States)
- Stage: Series B
- Total Funding till date: $319M
- Employee Count: 100 as on Sep 30, 2026
- Investors: AME Cloud Ventures, Liberty Global and 48 Others
- Latest Funding Round: Series B, Mar 25, 2026, $*****
- Highlight: Editors' Pick
3. Fabric8Labs
Manufacturer of metal-based industrial 3D printers. It develops a combination of Stereo-Lithography and electroplating, in which they use and control system to deposit metals from a large array of independently controlled anodes. It can print metal and plastics in the same batches.
Key facts about Fabric8Labs
- Founded Year: 2015
- Location: Chesterbrook (United States)
- Stage: Acquired
- Total Funding till date: $126M
- Employee Count: 112 as on Sep 30, 2026
- Investors: Ericsson, SE Ventures and 14 Others
- Latest Funding Round: Series B, Nov 13, 2025, $*****
- Highlight: Acquired
4. Celestial AI
Developer of optical interconnect technology for artificial intelligence infrastructure systems. The company’s technology aims to improve artificial intelligence system performance through optical interconnectivity. It focuses on enabling efficient scaling of artificial intelligence to advance progress in various fields. The company’s platform is designed for integration into next-generation artificial intelligence systems.
Key facts about Celestial AI
- Founded Year: 2020
- Location: Santa Clara (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $589M
- Employee Count: 61 as on Sep 30, 2026
- Investors: Fidelity Investments, Samsung Catalyst Fund and 21 Others
- Latest Funding Round: Series C, Feb 25, 2025, $*****
- Highlight: Acquired
Developer of implantable neurotechnology for decoding and modulating brain activity. The company focuses on creating bi-directional, high-resolution brain-computer interfaces. These interfaces enable real-time smart neural decoding and modulation in closed loop. The company's platform combines hardware and data analytics to personalize therapy.
Key facts about INBRAIN Neuroelectronics
- Founded Year: 2019
- Location: Barcelona (Spain)
- Stage: Series B
- Total Funding till date: $82.8M
- Employee Count: 127 as on Aug 31, 2026
- Investors: TruVenturo, European Investment Bank and 16 Others
- Latest Funding Round: Grant (prize money), May 09, 2025, $*****
- Highlight: Editors' Pick
imec.xpand's Year-on-Year Investment Trends
imec.xpand has invested in 35 companies over the last 8 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 7 investments, while as of Sep 2026, it has made 6 investments in this year. Its most recent first time investment was in Euclyd and most recent follow-on round was in eyeo.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 2 | 6 |
2025 | 6 | 1 | 7 |
2024 | 3 | 2 | 5 |
2023 | 2 | 4 | 6 |
2022 | 4 | 2 | 6 |
2021 | 6 | 2 | 8 |
2020 | 2 | 0 | 2 |
2019 | 4 | 0 | 4 |
2018 | 1 | 0 | 1 |
imec.xpand's Investments by Stage
imec.xpand has made 13 investments in Seed stage with an average round size of $10.6M, 12 investments in Series A stage with an average round size of $41.7M, 6 investments in Series B stage with an average round size of $40.6M and 1 investment in Series C stage with an average round size of $1.4B.Stage of entry | No. of Investments |
|---|---|
Seed | 13 |
Series A | 12 |
Series B | 6 |
Series C | 1 |
Note: We have considered here, only first round of investments
imec.xpand's Investments by Sector
imec.xpand has a diverse portfolio, with companies operating in the Semiconductors, High Tech, Life Sciences, Internet of Things - Industry Applications and HealthTech. Notably, it has invested in 29 Tech companies, 27 Enterprise (B2B) companies, 22 Tech hardware companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Semiconductors | 16 |
High Tech | 14 |
Life Sciences | 10 |
Internet of Things - Industry Applications | 4 |
HealthTech | 3 |
Others | 11 |
Note: We have considered here, only first round of investments
imec.xpand's Investments by Geography
imec.xpand has made most investments in Belgium (10), followed by United States where it has made 7 investments.Country | No. of Investments |
|---|---|
Belgium | 10 |
United States | 7 |
Netherlands | 5 |
Germany | 4 |
France | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
imec.xpand's recent investments
imec.xpand has made 6 investments in 2026 so far. Euclyd and Invisix are the latest among them.Here are the most recent investments by imec.xpand:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 15, 2026 | Netherlands | Series A | 7894 | [+6] | |
Jun 01, 2026 | - | Seed | 7885 | [+2] | |
May 11, 2026 | Netherlands | Series A | 6839 | ||
Mar 26, 2026 | Germany | Series C | 6526 | [+12] | |
Mar 04, 2026 | Belgium | Seed | 9162 | [+11] |
Unicorns in imec.xpand's Portfolio
imec.xpand has 2 unicorns in its portfolio - NEURA and PsiQuantum. The most recent unicorn in their portfolio is NEURA. It became a unicorn in 2026.Here is a list of unicorns in imec.xpand's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Developer of cognitive robotics and physical artificial intelligence solutions | 2019 | Metzingen | Series C | wsxjhac | ||
73 | Developer of photon-based universal quantum computers | 2015 | Palo Alto | Series E | mosxdel |
Acquired companies in imec.xpand's Portfolio
3 companies from imec.xpand's portfolio have been acquired. The most recent acquisition was Fabric8Labs in Jun 2026 by Tdk for $*****.Here are imec.xpand's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 10, 2026 | Jul 20, 2021 | Series A | 6755 | |
Dec 02, 2025 | Dec 15, 2021 | Series A | 5499 | |
Sep 22, 2025 | - | - | 5133 |
Team profile of imec.xpand
imec.xpand has a team of 11 members including 7 Partners and 2 Principals located in Belgium, Netherlands and 1 more location. imec.xpand's team sits on the board of 1 company.Here is a list of top team members in imec.xpand:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Belgium | - | ||
Partner | Belgium | - | ||
Partner | Belgium | - | ||
Partner | Belgium | |||
Partner | Amsterdam | - | ||
Partner | Belgium | - | ||
Partner | San Francisco | - | - | |
Principal | Belgium | - | ||
Principal | Amsterdam | - |
Co-investors of imec.xpand
Over the past 8 years, 260 investors have co-invested in imec.xpand's portfolio companies. This includes funds and angels.
- Invested before imec.xpand: Europa, EIC Fund and 88 others have invested in rounds before imec.xpand. There are 5 companies where Europa has invested before imec.xpand and 2 companies where EIC Fund has invested before imec.xpand.
- Top Co-investors of imec.xpand: 94 investors entered a company along with imec.xpand. These include investors like Imec (5 companies).
- Invested after imec.xpand: A total of 76 investors have invested in imec.xpand's portfolio after their investments. Top Investors include EIC Fund (6 companies), Europa (5 companies) and Innovation Industries (4 companies).
Recent News related to imec.xpand
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Optalysys appoints former Intel executive as CEOBusinessCloud•Jun 18, 2026•Optalysys, Northern Gritstone, imec.xpand
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Invisix Raises €20M Seed Round to Advance Soft X-Ray Semiconductor MetrologyMetrology News•Jun 02, 2026•Doosan Investments, Transition VC, Hitachi Ventures, imec.xpand
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ClearOps Raises €8.6 Million Series A Funding for AI Operating System for OEM After SalesStartup Rise EU•May 22, 2026•ClearOps, Hitachi Ventures, Doosan Investments, Transition VC and 1 other
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Imec Ventures Expands Operations into the United StatesElectronics Weekly•May 19, 2026•imec.istart, Imec, imec.xpand
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eyeo Secures €40 Million to Enhance Imaging Technology and Sensor PerformanceStartup Rise EU•May 11, 2026•Innovation Industries, eyeo, HTGF, Europa and 4 others
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Leeds tech firm raises £23m for commercialisation and USInsider Media•Jan 22, 2026•Northern Gritstone, Optalysys, Lingotto, imec.xpand and 2 others
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Q.ANT secures $18M to advance photonic AI infrastructureoptics.org•Oct 30, 2025•Q.ANT, imec.xpand, UVC Partners, Cherry Ventures
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Mojo Vision Secures $75M in Series B Prime Funding to Advance Micro-LED CommercializationSemiconductor Today•Sep 04, 2025•Mojo Vision, Vanedge Capital, New Enterprise Associates, Hyperlink Ventures and 12 others
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Q.ANT receives record funding in Europe for photonic computingEvertiq•Aug 26, 2025•Q.ANT, imec.xpand, UVC Partners, Cherry Ventures
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Celestial AI Closes $255M Series C1
FinSMEs•Aug 13, 2025•Celestial AI, Samsung Catalyst Fund, VentureTech Alliance, Usitfund and 12 others
