Editor’s note: The funding amount was incorrectly mentioned as €33M, instead of €3.3M. The article has, therefore, been updated to reflect the same
Lund, Sweden-based AlixLabs, a semiconductor company, announced on Tuesday, September 5 that it has secured SEK 40M (approximately €3.3M) in a fresh funding round.
The investors backed AlixLabs include Navigare Ventures, Industrifonden, and FORWARD.one.
Jonas Sundqvist, CEO of AlixLabs says, “The investment plays a pivotal role in propelling our company towards scalable success. The infusion of capital not only validates our vision but also empowers us to bring our groundbreaking technology to the forefront of semiconductor manufacturing.”
“This investment marks a significant milestone as we work towards our goal: to have our meticulously developed process adopted by circuit manufacturers in their most advanced production by 2025.”
“With this support, we are forging a path to transform the semiconductor landscape and usher in a new era of efficiency and innovation,” adds Sundqvist.
The announcement comes seven months after raising €908.7K in funding from a range of investors, including Navigare Ventures, Almi Invest, and the ice hockey family Nylander.
The semiconductor industry has been facing challenges related to escalating expenses for a long time, largely due to the high costs of Extreme Ultraviolet Lithography (EUV) equipment.
In addition, there is an escalating need for energy-efficient alternatives and more sustainable practices.
Here’s where AlixLabs comes into play!
AlixLabs: Advancing energy-efficient semiconductor innovation
Founded in 2019, AlixLabs emerged as a spin-off from Lund University to enable the cost-effective and energy-conscious fabrication of semiconductors, particularly logic and memory components.
The company’s ALE (Atomic Layer Etching) pitch-splitting technology (APS) enables the precise division of nanostructures while significantly reducing energy consumption and emissions.
This breakthrough has now caught the attention of investors as it addresses the rising costs associated with current manufacturing techniques.
This method holds approved patents across the USA, Taiwan, and Europe.
AlixLabs’ innovation comes at the right time with the European Union’s ambitious semiconductor initiative, the EU Chips Act, allocating substantial resources for semiconductor companies.
Navigare Ventures is a multi-stage investor specialised in science-driven companies.
Alex Basu, Investment Manager at Navigare Ventures, says, “AlixLabs has taken considerable steps in establishing itself as an emerging equipment manufacturer, contributing to the fast-growing European semiconductor industry. We look forward to a continued partnership as they bring their technology to production in the coming years.”
FORWARD.one is a Dutch venture capital firm focused on deep tech hardware startups and scale-ups with €200M under management, including investments in robotics, semiconductors, photonics, sensors, extended reality, and biomanufacturing.
Arjan Göbel, partner at FORWARD.one says, ”The technology that AlixLabs has developed solves real problems for its semiconductor customers and adds a lot of value for them by reducing the complexity of making chips and making the process much cheaper while reducing the environmental impact of the process significantly. Doing this with a very skilled and ambitious team makes it a great investment for FORWARD.one.”