TD Shepherd congratulates Keiron Printing Technologies on successful raising Series A round led by Invest-NL. Keiron Printing Technologies B.V. (Eindhoven) commercializes a laser-induced forward transfer (LIFT) platform for solder paste deposition in electronics assembly. The technology replaces stencil printing with digital, data-driven deposition, targeting the global SMT market.
TD Shepherd supported the investor syndicate, led by Invest-NL, throughout both phases of the investment evaluation:
Pre-term sheet:
Conducted an initial due diligence assessing technology readiness, market opportunity, competitive position, and team. This phase informed the syndicate’s decision to issue a term sheet.
Post-term sheet:
Performed a comprehensive confirmatory due diligence ahead of closing. The scope included commercial validation through independent industry expert interviews (EMS manufacturers and PCB industry experts), financial plan and unit economics analysis, scenario modelling, manufacturing and supply chain assessment, IP portfolio and freedom-to-operate review, and evaluation of the legal and governance structure. The assessment was built on a structured scoring methodology across 11 assessment areas, grounded in dataroom evidence.
Outcome: The syndicate successfully completed the Series A investment.
Many founders underestimate how different deep tech fundraising really is. Deep tech funding rounds don’t follow the same rules as software funding rounds. These rounds take more time, they are larger, and are validation-driven due to long-lasting R&D cycles and capital intensity. Imagine that each round answers the question, then what question would it be?
Early exits are named as such because the exit constitutes an interruption of the regular venture path. There are several paths to an early exit, some organized, some happen by coincidence. For startups, it is important to have a clear focus on the path forward and, based on the technology and product it is developing, to understand the startup’s value path.
TD Shepherd congratulates Keiron Printing Technologies on successful raising Series A round led by Invest-NL. Keiron Printing Technologies B.V. (Eindhoven) commercializes a laser-induced forward transfer (LIFT) platform for solder paste deposition in electronics assembly.