Nearfield Instruments has raised Series C funding from Walden Catalyst, Temasek, M&G Investments and existing shareholders Innovation Industries, Invest-NL and ING
Nearfield Instruments
Nearfield Instruments is a developer of state-of-the-art metrology and inspection solutions for the semiconductor manufacturing industry. The Netherlands-based spin-off of Dutch research institute TNO is bridging the semiconductor industry’s metrology and inspection challenges with in-line, non-destructive process control nanometrology solutions for advanced 3D memory and logic devices. Their groundbreaking technology combines high resolution with high throughput, which is essential for the production of advanced semiconductor nodes. Nearfield is headquartered in Rotterdam with offices in Eindhoven, the Netherlands and Pyeongtaek, South Korea.
The Deal
Lincoln International acted as exclusive financial advisor to Nearfield in the Series-C funding round. The oversubscribed funding round is the largest deep-tech investment round in the Netherlands and the second-largest capital raise in the semiconductor fabrication equipment market in Europe and the U.S. in the past five years, according to Mergermarket. The round was led by two new major investors, Walden Catalyst, an industry-leading U.S. deep-tech venture capital firm, and Temasek, a global emerging technology investor. M&G Investments, a global asset manager, is acting as a co-investor through its Catalyst strategy. The success of this round is further underscored by the participation of existing investors Innovation Industries, Invest-NL and ING. The funding will enable Nearfield to further ramp up production capacity, expand its product portfolio and strengthen its position as a key player in the semiconductor equipment industry.
Our Perspective
Sibert Meulenbelt, Lincoln International Managing Director who led the transaction, commented, “We are thrilled to have worked with Nearfield on this landmark funding round in the semiconductor equipment industry. This transaction confirms the frontrunner position of the Netherlands in the global semiconductor industry and underlines our position as a leading investment bank in this space.”
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