valbeek advises Last Mile Semiconductor GmbH on successful seed financing

We are delighted to have advised Last Mile Semiconductor GmbH (LMS) on its seven-figure seed financing round. The round was participated in by TGFS Technologiegründerfonds Sachsen, the European Innovation Council Fund (EIC Fund), and MBG Sachsen.

Founded in 2022, the deep tech company develops highly secure and energy-efficient IoT chips based on the innovative NR+ wireless standard, which enables stable, cost-efficient, and secure wireless connections even independently of traditional mobile networks. With its system-on-chip solutions, LMS addresses key future markets such as industrial IoT, smart energy, smart buildings, and smart cities, while also making an important contribution to Europe's digital sovereignty in the field of IoT connectivity.

With the fresh capital, LMS will further accelerate the development of the LM10XX chip family, expand the software toolchain, and set the course for series production.

The valbeek team consisted of our partner Bjarne Petersen and managing associate Thomas Hertig. Special thanks go to Christoph Gulich and Mario Orgis, the managing directors and founders of LMS, for the trust they have placed in us, as well as to Simon Großmann (GC Advisory) for his highly professional support of the transaction as M&A advisor. We would also like to express our sincere thanks to everyone involved for the pleasant and constructive cooperation and wish them every success for the next phase of growth!