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Updated · Bloomberg · Jun 24Euclyd Seeks €200 Million Series A as Ex-ASML CEO Wennink Backs Chip Startup
1 articles · Updated · Bloomberg · Jun 24Summary
- Euclyd is seeking about €200 million in Series A financing, marking a sizable early-stage fundraising push for the Dutch chip startup.
- Several investor term sheets have already been received, according to a person familiar with the matter, indicating active interest in the round.
- The fundraising is still not finalized, and the target amount could change before the deal is completed.
- Peter Wennink — the former ASML chief executive backing Euclyd — adds industry weight as Europe tries to build out its semiconductor ecosystem.
Insights
Is Euclyd's massive funding round the key to Europe's AI sovereignty? Can a Dutch startup's radical chip design truly challenge Nvidia's AI dominance?