The electronic components manufacturing industry in Benelux is a thriving hub of innovation and technology. Encompassing a variety of companies, from semiconductor makers to companies producing circuit boards and embedded systems, this sector plays a crucial role in supplying essential parts for different applications, including consumer electronics and automotive technologies. With a growing focus on sustainability and energy efficiency, many firms are adapting to meet evolving market demands. Interestingly, the industry is witnessing a surge in investments aimed at developing smart components and solutions that utilize advances like IoT and AI, indicating a robust trajectory for future growth.


The investors listed here represent a mix of venture capital, private equity, and corporate entities based in key locations across Benelux, including Amsterdam, Eindhoven, and Brussels. Established between 1958 and 2021, these firms feature a range of sizes, from smaller teams to those with over 5,000 employees. With 2024 investments totaling up to 99 deals, they reflect an active engagement in sectors ripe for innovation, particularly within electronic components manufacturing. Companies like M Ventures and InnoEnergy stand out, showcasing a commitment to funding technology-driven advancements.


Top 16 Electronic Components Manufacturing Investors in Benelux


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. In recent years, the EIC has been involved in several transactions relevant to the electronic components manufacturing sector. For instance, it provided grants to Heyday Integrated Circuits, which raised $2,894,949 in 2020, and to Nowi, which raised $2,613,607 in 2022. These transactions highlight the EIC's role in fostering innovation in electronic components, alongside its broader mission to support various sectors through business acceleration services, networking opportunities, and prizes.


2. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services. The EIB supports sustainable projects across various sectors, catering to both public and private organizations seeking funding to promote growth and job creation. In the electronic components manufacturing sector, the EIB has been involved in several notable transactions, such as NXP Semiconductors, which raised over $1 billion in post-IPO debt, and Siltronics, which secured approximately $195 million in post-IPO debt. Additionally, the EIB has supported Eggtronic with debt financing, TactoTek in a venture round, and Canatu in a Series C funding round. These transactions highlight the EIB's commitment to investing in innovative companies within the electronic components industry, reinforcing its role as a significant investor in this field.


3. InnoEnergy

  • Website: innoenergy.com
  • Type: Venture Capital
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 52
  • LinkedIn: innoenergy

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, Netherlands, dedicated to accelerating sustainable energy innovations. It serves as a marketplace for energy solutions, offering training programs and support for innovators and corporates in the energy sector. InnoEnergy collaborates with various stakeholders to tackle challenges related to energy transition and sustainability. Notably, InnoEnergy has invested in NexWafe, a company focused on innovative solar cell technology, and The Batteries, which is building a production line for battery technology in Poland. Their investment in GDI, which is scaling production for energy storage solutions, further emphasizes their role in supporting electronic components manufacturing relevant to the energy sector. Overall, InnoEnergy's transactions reflect a strategic focus on companies that contribute to the development of electronic components within the sustainable energy landscape.


4. M Ventures

  • Website: m-ventures.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 18
  • LinkedIn: merck-ventures

M Ventures is a venture capital fund based in Amsterdam, Netherlands, founded in 2009. The firm specializes in investing in transformative ideas within the biotechnology and technology sectors, focusing on startups in healthcare, life sciences, and advanced technology. M Ventures provides funding and strategic guidance to help these startups achieve commercial success. Among their notable transactions, they invested in Ferroelectric Memory GmbH, which raised $20 million in a Series B round, indicating their interest in advanced memory technologies relevant to electronic components. They also participated in funding rounds for Thintronics and beeOLED, both of which are involved in innovative technology solutions, further showcasing their engagement in sectors that overlap with electronic components manufacturing.


5. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Notably, Gimv has made significant investments in the electronic components manufacturing sector, including the acquisition of A1 Electronics, a part of Strukton Power, in March 2024, and the acquisition of Applied Micro Electronics (AME) in March 2020. Additionally, they have been involved in funding rounds for companies like Micron Technology, which raised $16 million in Series C funding in 2009. These transactions highlight Gimv's active role in the electronic components industry, alongside their broader investment strategy.


6. Brabantse Ontwikkelings Maatschappij (BOM)


The Brabantse Ontwikkelings Maatschappij (BOM) is a venture capital development agency based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM supports startups and scale-ups in the Brabant region by offering various programs aimed at enhancing business growth, including readiness programs for venture capital and innovation. They provide funding, expertise, and networking opportunities to facilitate success in competitive markets. Among their notable transactions, BOM has invested in companies relevant to the electronic components manufacturing sector, such as SMART-Photonics, which raised $44,562,237 in debt financing in July 2023. Additionally, they have supported other startups like Liteq and Anteryon, which, while not exclusively focused on electronic components, contribute to the broader technology landscape. This diverse investment portfolio showcases BOM's commitment to fostering innovation across various industries, including electronic components.


7. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux, a private equity firm based in Amsterdam, specializes in acquiring and managing companies in transition. Founded in 2021, the firm provides operational support and consulting services aimed at enhancing profitability and growth across various sectors, including automotive, technology, and retail. Notably, Mutares has been involved in several acquisitions that align with the electronic components manufacturing context. For instance, their acquisition of Cikautxo Rubber & Plastic Components is part of a strategy to strengthen their Automotive & Mobility segment, which is increasingly reliant on electronic components. Additionally, their acquisition of Plati Elettroforniture S.p.A. and Lacroix + Kress further illustrates their engagement in sectors that may intersect with electronic components. Overall, Mutares Benelux is positioned as a dynamic investor with a focus on strategic investments that could encompass electronic components manufacturing.


8. Innovation Industries


Innovation Industries is a venture capital firm based in Amsterdam, North Holland, Netherlands, founded in 2017. The firm specializes in deep tech investments, focusing on catalyzing growth in technology companies that can transform industries. They provide capital and support to startups across various sectors, including industrial tech, med tech, and food & agri tech. Notably, Innovation Industries has been involved in several relevant transactions in the electronic components manufacturing context. For instance, they led a €15 million Series A funding round for Pharrowtech, which is developing 60 GHz CMOS RFICs for 5G applications. Additionally, they have invested in SMART-Photonics, which raised significant funds for the development of photonic chips. These investments highlight their active role in the electronic components sector, showcasing their commitment to supporting innovative technologies in this field.


9. Invest-NL

  • Website: invest-nl.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2020
  • Headcount: 51-200
  • Number of deals in 2024: 17
  • LinkedIn: invest-nl

Invest-NL is an impact investment firm based in Amsterdam, Netherlands, founded in 2020. The firm focuses on financing sustainable and innovative projects, particularly in the energy and technology sectors. They mobilize capital from various sources to support entrepreneurs with promising plans for societal transitions. Notably, Invest-NL has been involved in several transactions relevant to the electronic components manufacturing sector. For instance, they led a funding round for LioniX International, which specializes in photonic integrated circuits, and invested significantly in Nearfield Instruments, a company that develops semiconductor metrology equipment. These investments highlight Invest-NL's commitment to supporting technological advancements and innovation within the electronic components industry.


10. imec.xpand

  • Website: imecxpand.com
  • Type: Venture Capital
  • Headquarters: Leuven, Flanders, Belgium
  • Founded year: 2017
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: imec.xpand

imec.xpand is a venture capital fund based in Leuven, Flanders, Belgium, founded in 2017. The fund specializes in providing investment and operational support to early-stage deep tech companies, particularly in the semiconductor and nanotechnology sectors. By leveraging imec's expertise and infrastructure, imec.xpand helps startups navigate their development and market challenges. Notable transactions include a €15 million Series B funding for Wise Integration, which focuses on products for mass production and commercial deployment, and a €15 million Series A funding for Pharrowtech, which is developing CMOS RFICs for 5G applications. Additionally, imec.xpand participated in a $20 million Series B round for Ferroelectric Memory GmbH, indicating their active role in supporting companies that are likely involved in electronic components manufacturing. Their recent investment in MICLEDI Microdisplays also highlights their commitment to advancing technologies relevant to the electronic components sector.


11. Triton Partners


Triton Partners is a private equity investment firm based in Luxembourg, founded in 1997. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock their full potential, partnering with management teams to address challenges and drive growth. Notable transactions in the electronic components manufacturing context include the acquisition of Turck Holding, which specializes in smart sensor technology and decentralized automation products, and the acquisition of Trench Group, a leader in high-voltage grid components. These investments highlight Triton's strategic focus on companies that are integral to the electronic components manufacturing industry, further solidifying their role as a significant player in this sector.


12. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm founded in 2005, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Among their notable transactions in the electronic components sector, CVC acquired MagnaChip Semiconductor in 2004, a key player in the semiconductor industry. Additionally, they entered exclusive negotiations to acquire Linxens in 2015, a French company specializing in smart card connectors, further expanding their portfolio in technology and electronic components. These strategic acquisitions highlight CVC's commitment to investing in the electronic components manufacturing industry.


13. Cipio Partners

  • Website: cipiopartners.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2003
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: cipio-partners

Cipio Partners is a Luxembourg-based venture capital firm founded in 2003, specializing in European growth capital and minority buyouts for technology companies. With a team size of 11-50, they provide financial support and strategic guidance to help businesses scale and prepare for liquidity events. Cipio Partners focuses on technology firms with proven business models and significant revenue, primarily in the software and B2B sectors. Notably, they have invested in Silicon Mobility, a provider of semiconductor technology for smart mobility, and MicroOLED, which develops OLED solutions and integrated AR modules. These investments highlight their active role in the electronic components manufacturing industry, particularly in semiconductor and display technologies, showcasing their commitment to supporting innovation in this field.


14. Pmv

  • Website: pmv.eu
  • Type: Venture Capital
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2001
  • Headcount: 51-200
  • Number of deals in 2024: 11
  • LinkedIn: pmv-eu

Participatiemaatschappij Vlaanderen (PMV) is a public entity that acts as an investment company for the Flemish government, founded in 2001. PMV provides a range of financing solutions, including loans and co-financing, to startups, scale-ups, and established businesses across various sectors. Notably, PMV has invested in companies like MICLEDI Microdisplays, which raised $25 million in Series A funding for the development of microLED displays, and Swave Photonics, which raised over $27 million in Series A funding. These investments highlight PMV's active role in the electronic components manufacturing sector, particularly in innovative technologies related to displays and photonics. Additionally, PMV has participated in seed funding rounds for companies like QustomDot, further emphasizing its engagement in the electronic components space.


15. Astorg

  • Website: astorg.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 1998
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: astorg

Astorg is a private equity firm founded in 1998, based in Luxembourg, specializing in investments in global B2B companies. With €22 billion in assets under management, Astorg focuses on creating long-term value through a disciplined investment process and strong partnerships with entrepreneurs. In 2024, Astorg made significant strides in the electronic components sector by acquiring a majority stake in Steliau Technology, a leader in value-added distribution of electronic solutions. This acquisition is part of their growth strategy and highlights their commitment to the electronic components industry. Additionally, Astorg is in exclusive negotiations to acquire Lebronze alloys, further indicating their active engagement in sectors that may intersect with electronic components manufacturing. Overall, Astorg's strategic investments reflect their diverse portfolio while also emphasizing their interest in the electronic components market.


16. VDL Groep

  • Website: vdlgroep.com
  • Type: Corporate
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 1953
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: vdl-groep

VDL Groep is a prominent industrial manufacturer based in Eindhoven, North Brabant, Netherlands, founded in 1953. The company specializes in transportation solutions, automation systems, and food processing equipment, serving various industries including public transport, automotive, and food processing. In recent years, VDL Groep has made significant strides in the electronic components manufacturing sector through strategic acquisitions. Notably, in December 2023, they acquired Rena Electronica, a company known for its development and production of electronics, particularly for LED products, which enhances VDL's position in high-quality electronics. Earlier, in December 2021, VDL Groep also acquired tbp electronics, marking a significant expansion into the electronics domain. These acquisitions reflect VDL Groep's commitment to integrating electronic components into their broader manufacturing capabilities, showcasing their innovative and sustainable approach to industrial solutions.



Electronic Components Manufacturing Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
European Investment Bank (EIB)Luxembourg1001-5000195899
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052
M VenturesAmsterdam, North Holland, Netherlands11-50200918
GimvAntwerp, Flanders, Belgium51-20019808
Brabantse Ontwikkelings Maatschappij (BOM)Tilburg, North Brabant, Netherlands51-200198310
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
Innovation IndustriesAmsterdam, North Holland, Netherlands11-50201710
Invest-NLAmsterdam, North Holland, Netherlands51-200202017
imec.xpandLeuven, Flanders, Belgium1-1020175
Triton PartnersLuxembourg201-50019976
CvcLuxembourg1001-5000200516
Cipio PartnersLuxembourg11-5020032
PmvBrussels, Brussels, Belgium51-200200111
AstorgLuxembourg51-20019988
VDL GroepEindhoven, North Brabant, Netherlands10001+19531


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