imec.xpand in Spectricity €14 million Series B Round

Cresco acted as counsel to imec.xpand in its investment in Spectricity‘s €14 million ($16M US) Series B funding round to further accelerate the development and mass production of hyperspectral sensors and imagers for high-volume, low-cost applications from wearables to smartphones and IoT devices.

Leading global investors including AtlanticBridge, Capricorn Fusion China Fund, and Shanghai Semiconductor Equipment and Material Fund (SSMEF) invested in this Series B round alongside Belgium Series A investors imec.xpand and XTRION. This round brings Spectricity to €20 million in total funding to date.

David Dessers and Olivier Van Raemdonck led the Cresco team that advised imec.xpand in this transaction.

More information on this transaction can be found in De Tijd.

For any further information or questions, please contact David Dessers or Olivier Van Raemdonck.