German Startup Black Semiconductor Raises €254 Million in Funding

Jun 14, 2024 thejournalbiz

Black Semiconductor raises funds from state, venture backers

Graphene is seen as promising but has yet to see wide commercial use.

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Germany’s Black Semiconductor has raised $273 million in funding as it looks to develop chip technology based on the carbon material graphene, via Bloomberg#startup #chip #ai #germany https://t.co/ZmnmLoGL9y

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Germany’s Black Semiconductor has raised €254 million ($273 million) in funding to develop chip technology based on the carbon material graphene.

Founded in 2020 by entrepreneurs and brothers Daniel and Sebastian Schall, Black Semiconductor will receive €229 million in public grants from the German Ministry of Economic Affairs and the German state of North Rhine-Westphalia, the company said on Wednesday.

An additional €26 million in equity will come from a cluster of venture capital investors including Porsche Ventures and Project A Ventures, Scania Growth, Capnamic and TechVision Fonds. Black Semiconductor is planning to raise another €74 million from investors from 2026, co-founder and Chief Executive Officer Daniel Schall told Bloomberg News.