AlixLabs, a Lund, Sweden-based developer of Atomic Layer Etching solutions for next-generation semiconductor manufacturing, has closed a €15 million Series A round in the first quarter of 2026.

The financing included a strategic investment from Stephen Industries, adding to earlier participation from Global Brain and other institutional investors. The round brings AlixLabs’ Series A to its full €15 million after the company disclosed in late 2025 that €14.1 million had already been subscribed.

AlixLabs said the funding will be used to advance its proprietary Atomic Layer Etching technology, including its APS platform, while accelerating product development, expanding technical capabilities, and deepening partnerships with semiconductor manufacturers.

The investment comes as interest grows in process technologies designed to support increasingly complex semiconductor manufacturing at future nodes.