Singapore's Nexstrom raises $12M to bring 2D semiconductors to chip fabs

Singapore-based Nexstrom raised a $12 million seed round, bringing total funding to $15 million, to build equipment that grows 2D TMD materials directly on 300mm wafers. The startup aims to help foundries shrink transistors beyond silicon limits, with commercial production targeted for 2030–2035.

• $12M seed round from Xora, Foothill Ventures and SEEDS; $15M raised in total
• North Star equipment grows TMDs directly on 300mm commercial wafers
• Company scaled from 2-inch to 6-inch wafers, 8-inch step due by end of October
• Commercial production of its equipment expected between 2030 and 2035