AlixLabs to raise SEK 9 million

AlixLabs, a Lund, Sweden-based semiconductor startup, announced closing a capital raised worth of SEK 9 million ($1M).

The money was raised from investors including NHL professionals Michael, Alexander and William Nylander, as well as Almi invest.

Proceeds will be used for product development and validation of the APS-technology.

AlixLabs, founded by Jonas Sundqvist, has developed a new, innovative method for manufacturing semiconductor components with a high degree of packing, which eliminates several steps in the manufacturing process - Atomic Layer Etch Pitchsplitting (APS)*. The method makes the components cheaper and less resource-intensive to manufacture and can open up a new path for a more sustainable mass production of electronics