Nexstrom Raises $12 Mn to Scale 12-Inch 2D Semiconductor Platform

The company will use the funding to advance the commercialization of its wafer-scale platform for two-dimensional (2D) semiconductor materials.

The latest round brings Nexstrom’s total capital raised to $15 million, including $3 million in non-dilutive funding.

What is Nexstrom?

Nexstrom is a Singapore-based semiconductor startup developing technology for producing two-dimensional semiconductor materials at wafer scale.

The company combines proprietary chemical vapor deposition hardware, process technology, and wafer-scale material growth. Its platform is designed to work with existing advanced semiconductor manufacturing processes.

Nexstrom is focused on producing single crystal 2D semiconductor materials across industry-standard 12-inch wafers. The technology aims to address manufacturing challenges that have limited the commercial use of 2D materials in semiconductor production.

Funding Details

Nexstrom raised $12 million in a Seed funding round led by Xora Innovation. Foothill Ventures and SEEDS also participated in the round.

The company has now raised $15 million in total capital, including $3 million in non-dilutive funding.

Nexstrom was incubated through Xora Innovation’s venture-building model.

How Will Nexstrom Use the Funding?

The company will use the fresh capital to support the development and commercialization of its 12-inch 2D semiconductor material growth platform.

Nexstrom is working to demonstrate continuous single-crystal growth across 12-inch wafers using production-ready manufacturing tools. The company is also working with industry partners to validate its technology within existing chipmaking processes.

Who Founded Nexstrom

Nexstrom is headquartered in Singapore and operates in the semiconductor and deep-tech sector.

The company was incubated through Xora Innovation’s venture-building model. Co-Founder and Chief Scientist Lance Li is involved in the development of its semiconductor technology.

Nexstrom is developing a platform that combines hardware and process technology for wafer-scale 2D material growth. Its goal is to make these materials compatible with advanced semiconductor manufacturing workflows.

Market and Business Growth

The semiconductor industry is exploring new materials as traditional silicon channels become increasingly difficult to scale. 2D semiconductor materials are being studied for their potential to improve control over electron flow and support more energy-efficient transistor designs.

Nexstrom is targeting one of the key manufacturing challenges in this area: producing 2D materials with the uniformity, repeatability, and yield needed for advanced semiconductor manufacturing.

The company is also working with industry partners to test how its technology performs within existing chipmaking processes.

What Happens Next?

Nexstrom’s next steps include improving crystal quality across larger wafers, integrating its technology with existing semiconductor process flows, and demonstrating manufacturing performance.

The company will need to validate its technology through foundry testing, manufacturing yield, and process integration before it can move toward wider commercial semiconductor production.

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