Spacetek Technology: Announcement of successful completion of seed funding round

October 30, 2023 Spacetek Technology AG, a pioneering company specializing in the development and production of time-of-flight mass spectrometers (TOF-MS) inspired by space technology, has successfully closed its seed funding round in October 2023. Led by Swisscom Ventures, CHF 5.8 million was raised from a group of financial investors. Spectrum Moonshot Fund joined as a co-investor alongside existing shareholders.

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Spacetek Technology AG successfully closed its seed funding round in October 2023. Photo: Spacetek

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Founded by Jürg Jost along with a dedicated group of like-minded innovators, Spacetek Technology is a leader in using space technology to revolutionize complex industrial processes. The company has designed and built state-of-the-art TOF-MS instruments that are compact and fit-for-purpose to deliver valuable technologies for semiconductor manufacturing. The focus is on solving critical yield problems by significantly improving real-time analysis of process gases, enabling lower reject rates. This focus has already earned Spacetek the trust of several commercial partners in Germany, Israel, Korea and Japan, with a rapidly growing network in Asia, Europe and the U.S.

“The confidence of our investors confirms our commitment to pushing the boundaries of process technology in the semiconductor industry,” said Jürg Jost, CEO Spacetek Technology AG. “This round of funding will enable us to continue our mission to our customers to improve manufacturing processes, reduce waste and increase overall performance.”

Christian Studer, Chairman of the Board of Directors, noted, “We are proud of Spacetek’s development, and this successful round of funding is a testament to our team’s commitment to pioneering industrial process analysis. We are pleased to support the company’s vision and trust that together we will achieve even greater milestones.”

Pär Lange, lead investor of Swisscom Ventures, commented, “Spacetek’s technology and performance are impressive. The strong positive feedback we have received from the industry underlines our belief that the company is uniquely well positioned to become a valuable player in its field. This round of funding will enable the company to continue to innovate and respond to customer needs.”

Spacetek would like to thank all of our investors for believing in us and giving us the opportunity to grow our business. The success of this round is a testament to the hard work and enthusiasm of our talented team. We are committed to delivering on our promises, exceeding expectations and driving innovation in the field of industrial process analytics.

About Swisscom Ventures

Swisscom Ventures is the venture capital arm of Swisscom AG, the leading telecommunications and ICT provider in Switzerland. Since 2007, we have invested in over 80 technology companies from our offices in Switzerland (Zurich, Bern and Lausanne) and in the US (Silicon Valley). We invest in 8-10 new companies each year with a total volume of 50-100 million USD per year. As an investor, we offer entrepreneurs access to Swisscom’s technical infrastructure and market channels in addition to financial support. We focus on sectors with expertise such as Telco & IT Cloud, DeepTech, Cybersecurity and Fintech as well as new business models related to Big Data & AI, where we leverage our access to Swisscom’s technology and market experts.

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Further links

👉 www.spacetek.ch 
👉 https://ventures.swisscom.com

Photo: Spacetek

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