The semiconductor industry in Benelux is a vibrant ecosystem that supports the design, development, and manufacturing of semiconductor components. A mix of established giants and nimble startups operate here, including companies producing microchips, photonic circuits, and advanced memory technology. This industry plays a vital role in powering innovations in electronics, automotive, and telecommunications. Recent trends showcase a surge in demand for chips in electric vehicles and AI applications, which presents exciting growth opportunities. With substantial investments flowing into research and development, Benelux aims to boost its competitive edge in the global semiconductor market.


Investors in this list represent a mix of venture capital, corporate, and private equity firms, showcasing their commitment to advancing semiconductor technologies. Headquartered primarily in key cities like Amsterdam, Antwerp, and Luxembourg, these investors vary in size, with many managing hundreds of millions in assets. Founded from 1958 to 2020, they have collectively executed a total of 299 deals in 2024, reflecting a robust interest in supporting companies driving innovation within the sector. This array of investors aims to harness the rapidly evolving demands of the semiconductor landscape.


Top 19 Semiconductor 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. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, the EIC has been involved in transactions with companies like Comptek Solutions and Nowi, which have received grants and venture funding for their innovative technologies. Comptek Solutions raised funds in 2021, while Nowi secured funding in 2022, both of which are relevant to the semiconductor industry. Additionally, Hexagem also received a grant from the EIC, further indicating the council's engagement with technology firms that may intersect with semiconductor development.


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 aims to support sustainable projects that promote growth and job creation across various sectors. In the semiconductor context, the EIB has been involved in several notable transactions, such as providing post-IPO debt financing to NXP Semiconductors, which raised over $1 billion in January 2025. Additionally, the EIB supported Siltronics with $195 million in post-IPO debt in October 2022, and participated in Series A funding for SiPearl, contributing approximately $81 million in April 2023. These transactions highlight the EIB's active role in financing semiconductor companies, reinforcing its relevance in this industry.


3. 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 invests 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. Notably, they have participated in significant transactions in the semiconductor space, such as leading investments in NeoLogic, which is developing advanced chip technology, and Ferroelectric Memory GmbH, which focuses on innovative memory solutions. Their portfolio also includes investments in other technology-driven companies, showcasing their commitment to driving innovation and growth across various sectors, including semiconductors.


4. 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, they have been involved in several transactions within the semiconductor industry, including a $16 million investment in Micron Technology during its Series C round in 2009, and multiple funding rounds for VirtenSys, totaling $24 million across Series A and B. Additionally, they invested $7 million in CoWare during its Series F round in 2007, a company that operates in the semiconductor design space. These transactions highlight Gimv's active participation in the semiconductor sector, alongside their broader investment strategy.


5. Brabantse Ontwikkelings Maatschappij (BOM)


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 in sustainable food and energy sectors. They provide funding, expertise, and networking opportunities to facilitate success in competitive markets. Notably, BOM has been involved in significant transactions within the semiconductor industry, including a debt financing round for SMART-Photonics, which raised approximately $44.5 million in July 2023. Additionally, they have participated in seed and Series A funding rounds for EFFECT Photonics and Anteryon, both of which are engaged in photonics technology, a critical area within the semiconductor field. These investments highlight BOM's active role in supporting semiconductor-related innovations.


6. 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, providing capital and support to startups across various sectors, including industrial tech, med tech, and food & agri tech. Their mission is to catalyze growth in technology companies that can transform industries, addressing the funding challenges faced by these businesses. In the semiconductor context, Innovation Industries has been involved in several significant transactions. They led a Series A funding round for Pharrowtech, which raised €15 million to accelerate the deployment of its 60 GHz CMOS RFICs for 5G applications. Additionally, they have invested in SMART-Photonics, which raised over $44 million in debt financing and previously $39 million in Series C funding, focusing on photonic integrated circuits. Furthermore, they participated in a Series D funding round for EFFECT Photonics, which raised $38 million, further emphasizing their commitment to semiconductor technologies.


7. 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, North Holland, 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 significant transactions in the semiconductor context, including a debt financing round for SMART-Photonics, which raised approximately $44.5 million in July 2023, and multiple funding rounds for EFFECT Photonics, which raised a total of around $118 million across Series C and Series D rounds in 2021 and 2024, respectively. These investments highlight Invest-NL's commitment to supporting advancements in semiconductor technology and innovation.


8. 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. Leveraging imec's extensive expertise and infrastructure, imec.xpand helps startups navigate their development and market challenges. Notable transactions include leading a $20 million Series B investment in Ferroelectric Memory GmbH, which focuses on advanced memory technologies, and a €15 million Series A funding for Pharrowtech, a company developing 60 GHz CMOS RFIC technology for 5G applications. Additionally, imec.xpand participated in a €15 million Series B round for Wise Integration, which is involved in semiconductor-related products, and invested in Celestial AI, a company working on photonic interconnect technology, further solidifying their commitment to the semiconductor industry.


9. Capricorn Partners


Capricorn Partners is an investment management firm based in Leuven, Flanders, Belgium, specializing in venture capital, growth capital, and quoted equity funds. Founded in 1993, the firm focuses on innovative companies across various sectors, including digital technologies, health, and clean technologies. They are committed to responsible investing, aiming to create both financial returns and strategic value for their clients. Notably, Capricorn Partners has participated in significant transactions such as Innovium, a network silicon company that achieved unicorn status, and VoxelSensors, a 3D perception company. Their investment in Innovium highlights their engagement in the semiconductor industry, while their support for VoxelSensors indicates their interest in technology that may leverage semiconductor advancements.


10. 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 investment company based in Brussels, Belgium, founded in 2001. It provides a range of financing solutions, including loans and co-financing, to startups, scale-ups, and established businesses across various sectors such as real estate, clean tech, and life sciences. Notably, PMV has been involved in significant transactions within the semiconductor context, including a Series A investment of approximately $27.7 million in Swave Photonics, which specializes in photonic technologies, and a $25 million Series A investment in MICLEDI Microdisplays, a company focused on developing microLED displays for augmented reality glasses. Additionally, PMV participated in a seed funding round for MICLEDI Microdisplays, further emphasizing its commitment to the semiconductor industry. These investments highlight PMV's active role in supporting innovative technologies that are crucial to the semiconductor landscape.


11. 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 holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, and manages a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. Exor focuses on enhancing value through strategic investments and operational support. In the semiconductor context, Exor Ventures has been involved in significant transactions, including a $24 million Series B funding round for DustPhotonics, which develops products for high-speed optical interconnects, and a $50 million Series B funding for Quantum Machines, a company specializing in quantum computing technologies. These investments highlight Exor's engagement in the semiconductor industry, showcasing their interest in innovative technologies that leverage semiconductor advancements.


12. PhotonDelta

  • Website: photondelta.com
  • Type: Corporate
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2018
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: photondelta

PhotonDelta is a corporate investor based in Eindhoven, North Brabant, Netherlands, founded in 2018. The company specializes in integrated photonics, focusing on the research, development, and manufacturing of photonic integrated circuits (PICs). PhotonDelta offers investment opportunities in this sector, catering to various industries including healthcare, telecommunications, and agriculture, which seek advanced photonic solutions. Notably, PhotonDelta has been involved in significant transactions within the semiconductor context, such as providing funding to SMART Photonics, a Dutch foundry for photonic integrated circuits, which secured €100 million in funding from a group of strategic industry players, including ASML and NXP. Additionally, PhotonDelta has supported other companies like EFFECT Photonics and LioniX International, further emphasizing its commitment to strengthening the integrated photonics ecosystem in the Netherlands. Through these investments, PhotonDelta plays a crucial role in advancing semiconductor-related technologies.


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. Their focus is primarily on technology firms with proven business models and significant revenue, particularly in the software and B2B sectors. Notably, Cipio Partners has been involved in several transactions relevant to the semiconductor industry, including a Series B funding round for Silicon Mobility, which raised $10M to scale its semiconductor technology for smart mobility. They also participated in funding rounds for MicroOLED, a company developing OLED solutions, which may intersect with semiconductor technology. These investments highlight Cipio Partners' engagement with the semiconductor sector, despite their broader technology focus.


14. NXP Semiconductors

  • Website: nxp.com
  • Type: Corporate
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2006
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: nxp-semiconductors

NXP Semiconductors N.V. is a leading semiconductor manufacturer based in Eindhoven, North Brabant, Netherlands, founded in 2006. The company specializes in providing advanced semiconductor solutions for a variety of applications, including automotive, industrial, mobile, smart city, and smart home technologies. NXP offers a diverse range of products, such as microcontrollers and wireless connectivity solutions, which enable businesses to enhance their products with reliable and secure semiconductor technology. In 2024, NXP Semiconductors has been actively involved in significant transactions within the semiconductor sector, including the acquisition of Aviva Links for $242.5 million, aimed at bolstering their automotive networking solutions. Additionally, they acquired Edge AI chip maker Kinara for $307 million, highlighting their focus on enhancing their portfolio in response to the growing importance of Edge AI technology. These strategic moves underscore NXP's commitment to advancing semiconductor technology and maintaining a competitive edge in the industry.


15. 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 corporate investor based in Eindhoven, North Brabant, Netherlands, specializing in industrial manufacturing across multiple sectors, including transportation solutions, automation systems, and food processing equipment. Founded in 1953, the company has a strong focus on collaboration and craftsmanship, ensuring high-quality solutions for its customers. In recent years, VDL Groep has made significant investments that highlight its interest in the semiconductor industry. Notably, the acquisition of Siemens Hengelo's operations in 2018 marked a strategic move to enhance its capabilities in semiconductor development, particularly for ASML, a leader in semiconductor manufacturing equipment. Furthermore, the acquisition of Rena Electronica in December 2023, a company focused on electronics development, underscores VDL Groep's commitment to expanding its footprint in high-quality electronics, which is closely related to semiconductor technology. These transactions reflect VDL Groep's active role in the semiconductor ecosystem, making it a relevant player in this sector.


16. 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. Notably, CVC has made significant moves in the semiconductor sector, including the acquisition of MagnaChip Semiconductor in 2004, which highlights their involvement in the industry. Additionally, their interest in technology is evident from their exclusive negotiations to acquire Linxens, a company specializing in smart card connectors, further indicating their strategic focus on technology-related investments.


17. Stellantis

  • Website: stellantis.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: stellantis-slovakia

Stellantis N.V. is a multinational automotive manufacturer based in Amsterdam, Netherlands, founded in 2014. The company produces a wide range of vehicles, including passenger cars and light trucks, with a strong focus on electrification and innovative mobility solutions. Stellantis is committed to sustainability and technological advancement, operating through a diverse portfolio of iconic automotive brands. In 2023, Stellantis participated in funding rounds for companies like Lyten, which is developing lithium-sulfur batteries and advanced materials, and Factorial Energy, which focuses on solid-state battery technology. Additionally, Stellantis has invested in SteerLight, an optical radar startup, to enhance its capabilities in autonomous vehicle development, indicating a strategic interest in sensor technologies that are integral to semiconductor applications. These transactions highlight Stellantis's commitment to integrating advanced technologies that rely on semiconductor innovations into their automotive solutions.


18. Qbic Fund | Venture Capital

  • Website: qbic.be
  • Type: Venture Capital
  • Headquarters: Ghent, Flanders, Belgium
  • Founded year: 2012
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: qbic

Qbic Fund | Venture Capital is a venture capital fund based in Ghent, Flanders, Belgium, founded in 2012. The fund specializes in seed and early-stage investments in innovative companies across various sectors, with a strong focus on creating impact by transforming technological breakthroughs into sustainable businesses. Qbic supports its portfolio companies throughout their growth, particularly in sectors such as biotechnology and technology. Notably, Qbic has been involved in significant transactions in the semiconductor context, including multiple funding rounds for Swave Photonics, which raised a total of approximately $40 million across its seed and Series A rounds. This involvement highlights Qbic's commitment to investing in companies that are pushing the boundaries of semiconductor technology.


19. Capital-E Partners NV


Capital-E Partners NV is a venture capital firm based in Antwerp, Flanders, Belgium, founded in 2005. The firm specializes in providing early-stage capital to companies in the micro/nano-electronics and advanced materials sectors. They collaborate with research centers to support technology development and offer strategic consulting services to entrepreneurs, focusing on fostering innovation and growth in high-tech industries. Notably, Capital-E has been involved in several significant transactions within the semiconductor context, including leading a $10M Series B funding round for Silicon Mobility, a provider of semiconductor technology for smart mobility, and an €8.2m Series B funding round for Silicon Line, which focuses on semiconductor production and design. Additionally, they have supported CMOSIS nv in its development of CMOS image sensor technologies, further emphasizing their commitment to the semiconductor industry.



Semiconductor Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
European Investment Bank (EIB)Luxembourg1001-5000195899
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
imec.xpandLeuven, Flanders, Belgium1-1020175
Capricorn PartnersLeuven, Flanders, Belgium11-5019935
PmvBrussels, Brussels, Belgium51-200200111
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
PhotonDeltaEindhoven, North Brabant, Netherlands11-5020181
Cipio PartnersLuxembourg11-5020032
NXP SemiconductorsEindhoven, North Brabant, Netherlands10001+20061
VDL GroepEindhoven, North Brabant, Netherlands10001+19531
CvcLuxembourg1001-5000200516
StellantisAmsterdam, North Holland, Netherlands10001+20147
Qbic Fund | Venture CapitalGhent, Flanders, Belgium1-1020125
Capital-E Partners NVAntwerp, Flanders, Belgium1-1020050


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