The electronics manufacturing industry in Benelux thrives on innovation, collaboration, and advanced technologies. Companies ranging from semiconductor specialists and audiovisual innovators to energy-efficient solution providers operate in this dynamic region. With a growing demand for electronics in sectors like automotive, healthcare, and renewable energy, the industry is poised for significant expansion. Noteworthy is the rise in sustainable electronics, driven by environmental considerations and consumer preferences. Furthermore, the influx of investments and the focus on R&D showcase the region's commitment to staying at the forefront of global technological advancements.


The investors featured in this list showcase a mix of venture capital and private equity firms, each with distinct strategies and specialties. Hailing from bustling hubs like Amsterdam, Luxembourg, and Brussels, these investors range from established entities like M Ventures, founded in 2009, to newer players like Invest-NL, established in 2020. Altogether, they accounted for 44 notable transactions across the electronics manufacturing landscape in the last year, demonstrating their active participation and the sector's investment appeal.


Top 18 Electronics 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 notable transactions within the electronics manufacturing sector, such as Aledia, which raised over $94 million in a Series D round and received a grant of over $2.6 million. Additionally, Nowi, another electronics-focused company, secured a grant from the EIC and participated in a venture round, further demonstrating the EIC's active role in supporting innovation in electronics. Through these investments, the EIC not only provides financial support but also business acceleration services and networking opportunities to foster growth in the electronics industry.


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. EIB supports sustainable projects across various sectors, including the electronics manufacturing industry. Notable transactions include a substantial debt financing of over $1 billion for NXP Semiconductors, which is a key player in the electronics sector. Additionally, EIB has supported Siltronics with $195 million in post-IPO debt, and has also invested in companies like Exeger, which focuses on solar cell production, and Eggtronic, which specializes in energy-efficient electronics. These investments highlight EIB's active role in promoting growth and innovation within the electronics manufacturing landscape.


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 several companies relevant to the electronics manufacturing industry, such as 'The Batteries', which raised €7.6 million to build a production line for battery technology, and 'Energysquare', which is developing a new standard in wireless charging technology. These investments highlight InnoEnergy's commitment to supporting innovations that intersect with electronics manufacturing, particularly in the context of energy solutions.


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, providing funding and strategic guidance to startups in healthcare, life sciences, and advanced technology. Notably, M Ventures has participated in several significant transactions in the electronics manufacturing context, including investments in Metalenz, a startup that develops high-performance 3D sensing solutions for consumer electronics and automotive applications, raising $30 million in Series B funding. They also invested in Thintronics, which focuses on innovative electronic solutions, and beeOLED, a deep-tech startup involved in advanced display technologies. These investments highlight M Ventures' commitment to driving innovation and growth in the electronics manufacturing sector, alongside their broader focus on technology.


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. Their clientele primarily consists of entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has made significant investments in the electronics manufacturing sector, including the acquisition of A1 Electronics, a part of Strukton Power, in March 2024, which highlights their focus on this industry. Additionally, their acquisition of Smart Battery Solutions GmbH in May 2019, a company specializing in lithium-ion battery systems, further emphasizes their commitment to the electronics manufacturing domain. These transactions reflect Gimv's strategic approach to investing in innovative technologies and companies within the electronics sector.


6. Brabantse Ontwikkelings Maatschappij (BOM)


Brabantse Ontwikkelings Maatschappij (BOM) is a venture capital firm based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM acts as a development agency that supports startups and scale-ups in the Brabant region, offering various programs aimed at enhancing business growth, including readiness programs for venture capital and innovation in sustainable food and energy sectors. Among its notable transactions, BOM has invested in LeydenJar Technologies, which focuses on developing sustainable super-batteries with significantly higher energy density. This investment, along with others in the technology sector, highlights BOM's role in fostering innovation within the electronics manufacturing landscape. Additionally, BOM has participated in seed funding rounds for companies like Liteq and Anteryon, further demonstrating its engagement in the technology and electronics sectors.


7. Innovation Industries


Innovation Industries is a venture capital firm based in Amsterdam, Netherlands, founded in 2017. The firm specializes in deep tech investments, providing capital and support to startups across various sectors, including industrial tech, med tech, and food & agri tech. In 2024, they have already made 10 investments, showcasing their active engagement in the startup ecosystem. Notably, they have invested in companies like SMART-Photonics, which raised over $44 million in debt financing and is involved in photonic technologies, and Pharrowtech, which secured €15 million in Series A funding to develop RFICs for 5G applications. These transactions highlight their commitment to advancing technologies that are crucial for electronics manufacturing. Furthermore, their investment in PHIX, which focuses on photonic chips, further solidifies their relevance in the electronics sector.


8. 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 that contribute to societal transitions, particularly in the energy and technology sectors. They mobilize capital from various sources to make impactful investments aimed at fostering a more sustainable economy. Notably, Invest-NL has invested in Fairphone, a sustainable smartphone company, contributing €20M to enhance brand positioning and sustainability efforts. They also participated in the Series A funding of LeydenJar Technologies, which is developing sustainable super-batteries, showcasing their commitment to advancing technology in the electronics manufacturing space. Additionally, they have supported companies like SMART-Photonics and LioniX International, which are involved in photonics and micro-electronics, further emphasizing their role in the electronics sector.


9. 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 across various sectors, including automotive, technology, and retail. Founded in 2021, the firm has quickly established itself with 16 investments in 2024 alone. Mutares provides operational support and consulting services to enhance profitability and growth for its portfolio companies. Among their notable transactions, the acquisition of Grosbill.com, an e-commerce platform for high-tech products, highlights their engagement in the electronics sector. Additionally, their acquisition of Plati Elettroforniture S.p.A. and Cikautxo Rubber & Plastic Components reflects their strategy to create synergies and expand their presence in related markets, further indicating their interest in technology and electronics manufacturing.


10. 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. Notably, Triton has made significant investments in the electronics manufacturing sector, including the acquisition of Turck Holding, a leader in smart sensor technology and decentralized automation products, and Dunkermotoren GmbH, which is involved in motor technology. Additionally, their recent acquisition of Siemens Energy's Trench business, a key player in high-voltage grid components, further emphasizes their commitment to investing in technology-driven companies within the electronics manufacturing landscape.


11. 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, with a strong focus on 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, aimed at mass production and commercial deployment of their products, and a $25 million Series A for MICLEDI Microdisplays, a company developing microLED displays for AR glasses. Additionally, imec.xpand participated in a $20 million Series B round for Ferroelectric Memory GmbH, which is focused on memory technology, and supported Pharrowtech in their Series A funding to accelerate the deployment of 5G technology. These investments highlight imec.xpand's active role in the electronics manufacturing industry.


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 private equity investment firm based in Luxembourg, founded in 2005. It specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC focuses on delivering sustainable value and growth through strategic investments. Among its notable transactions in the electronics manufacturing sector, CVC acquired MagnaChip Semiconductor in 2004, a key player in the semiconductor industry. In 2015, CVC entered exclusive negotiations to acquire Linxens, a French company specializing in smart card connectors, further expanding its portfolio in the technology sector. These transactions highlight CVC's active role in the electronics manufacturing industry, alongside its broader investment strategy.


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 venture capital firm based in Luxembourg, founded in 2003, specializing in European growth capital and minority buyouts for technology companies. 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 MicroOLED, a company developing OLED solutions and expanding manufacturing capabilities, and Silicon Mobility, which specializes in semiconductor technology for smart mobility. These transactions highlight their active role in the electronics manufacturing sector, showcasing their commitment to supporting innovative technologies within this industry.


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 based in Brussels, Belgium, 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 been involved in several transactions within the electronics manufacturing context, such as the $25 million Series A investment in MICLEDI Microdisplays, which focuses on developing microLED displays for augmented reality glasses. Additionally, PMV participated in a seed investment round for MICLEDI Microdisplays, contributing to the company's early-stage funding. PMV also invested in Swave Photonics, which raised over $27 million in a Series A round, further emphasizing its commitment to supporting innovative technologies in the electronics sector. Through these investments, PMV not only provides financial support but also consulting services to help businesses navigate investment challenges and achieve sustainable growth.


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, they made a notable acquisition of Steliau Technology, a European leader in the value-added distribution of electronic solutions, which highlights their commitment to the electronics manufacturing sector. Additionally, they are in the process of acquiring Lebronze alloys, further indicating their diverse investment strategy that includes technology and manufacturing sectors. Astorg's portfolio also includes companies like Megadyne, which, while primarily focused on industrial applications, showcases their broad investment approach in related fields.


16. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a venture capital firm based in Amsterdam, Netherlands, founded in 2009. It operates as a holding company with a diverse portfolio across various sectors, including automotive, healthcare, and media. Notably, Exor has made significant investments in the electronics manufacturing industry, particularly through its stake in Philips, a leading global electronics company known for its innovative products and services. In 2023, Exor participated in a substantial post-IPO equity round for Philips, raising over $2.8 billion, which underscores its commitment to the electronics sector. Additionally, Exor Ventures was involved in a Series B funding round for DustPhotonics, which is focused on developing advanced optical technologies for high-speed applications. These transactions highlight Exor N.V.'s strategic investments in the electronics manufacturing space, reinforcing its role as a relevant investor in this industry.


17. Capricorn Partners


Capricorn Partners is a venture capital investment management firm based in Leuven, Flanders, Belgium, founded in 1993. The firm specializes in venture capital, growth capital, and quoted equity funds, focusing on innovative companies across various sectors, including digital technologies, health, and clean technologies. Capricorn Partners aims to create both financial returns and strategic value for its clients through responsible investing. Notable transactions include their involvement with Innovium, a provider of networking solutions for data centers, which raised significant funding to accelerate its growth in the electronics sector. Additionally, their investment in SpaceX highlights their interest in companies engaged in advanced technologies, including satellite manufacturing, which is closely related to electronics manufacturing. Other transactions, such as those with Anteryon and Arkite NV, further illustrate their engagement with companies that may have ties to the electronics industry.


18. Lrm

  • Website: lrm.be
  • Type: Venture Capital
  • Headquarters: Hasselt, Flanders, Belgium
  • Founded year: 1994
  • Headcount: 51-200
  • Number of deals in 2024: 1
  • LinkedIn: lrmnv

LRM (Limburgse Reconversie Maatschappij) is a venture capital investment company based in Hasselt, Flanders, Belgium, founded in 1994. The firm is dedicated to fostering sustainable economic growth in the Limburg region by providing financing and expertise to startups, scale-ups, and mature companies. LRM's investment strategy includes a focus on innovation and development across various sectors, including electronics manufacturing. Notably, LRM has participated in significant funding rounds for companies such as Silicon Line, which raised €8.2 million in a Series B funding round aimed at ramping up production and expanding design capabilities in the electronics sector. Additionally, LRM invested in Solithor, a company focused on commercializing solid-state lithium-ion battery technology, which is crucial for the electronics industry. These transactions highlight LRM's commitment to supporting the growth of companies within the electronics manufacturing landscape.



Electronics 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
Innovation IndustriesAmsterdam, North Holland, Netherlands11-50201710
Invest-NLAmsterdam, North Holland, Netherlands51-200202017
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
Triton PartnersLuxembourg201-50019976
imec.xpandLeuven, Flanders, Belgium1-1020175
CvcLuxembourg1001-5000200516
Cipio PartnersLuxembourg11-5020032
PmvBrussels, Brussels, Belgium51-200200111
AstorgLuxembourg51-20019988
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
Capricorn PartnersLeuven, Flanders, Belgium11-5019935
LrmHasselt, Flanders, Belgium51-20019941


Want to find more investors focusing on the electronics manufacturing industry?

If you want to find more investors that are active in the electronics manufacturingindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!