Noerr advises FMC on one of the largest financing rounds in the European semiconductor sector

A Noerr team led by Felix Blobel has advised the Dresden-based semiconductor and memory chip company FMC on a €100 million financing round. The fresh funding will accelerate the commercialisation of FMC's memory chips.

The €77 million in equity comes from FMC’s oversubscribed Series C financing round, which is backed by prominent existing and new investors and ranks among the largest capital raise of its kind in the semiconductor industry. An additional €23 million has been sourced through public funds, including contributions from the IPCEI ME/CT program and the European Innovation Council (EIC).

The equity round is led by HV Capital and the DeepTech & Climate Fonds (DTCF), along with Vsquared Ventures and existing investors, including eCAPITAL, Bosch Ventures, Air Liquide Venture Capital, M Ventures (Merck), and Verve Ventures.

The fresh funding will accelerate the commercialization of the company’s DRAM+ and 3D CACHE+ memory chips and system solutions and expand its global presence. FMC’s technology builds on its superior energy efficiency and will facilitate the global ramp-up of AI data centers and AI edge applications, setting a new industry standard in the €100+ billion memory chip market.

Noerr is one of the leading law firms in the fields of venture capital and growth capital and regularly assists growth companies and investors in funding rounds and M&A transactions.

Advisors to FMC: Noerr

Lead: Felix Blobel (Partner, Venture Capital, Berlin), Sebastian Wündisch (Partner, IP, Dresden)

Corporate: Uwe Brendler (Associated Partner, Dresden), Asina Roth (Senior Associate, Berlin), Elmar Trautmann (Associate), Furkan Kaya (Associate),  Miriam Tormin (Associate, all Berlin)

Tax: Andre Happel (Partner), Peter Scheuch (Associated Partner, Berlin), Eric Epler (Senior Associate, Frankfurt), Ekaterina Kharmats (Associate, Berlin)

Antitrust: Peter Stauber (Partner, Berlin)