German semiconductor startup Ferroelectric Memory Company just closed one of Europe's biggest deep-tech rounds of 2025.
FMC raised €100 million in Series C funding, split between €77 million in equity led by HV Capital and DTCF, and €23 million in public grants.
The Dresden-based company is racing to replace traditional DRAM and SRAM with its ferroelectric memory chips that promise to unblock AI infrastructure scaling.
Why Memory Chips Are AI's Hidden Problem?
FMC's DRAM+ and 3D CACHE+ technology uses ferroelectric hafnium oxide to deliver 100% higher system efficiency and processing speed compared to legacy memory solutions.
Unlike standard DRAM that constantly draws power to retain data, ferroelectric memory maintains information without continuous energy consumption. This matters enormously as data centers now consume 2-4% of global electricity.
FMC Funding History
| Round | Year | Amount | Lead Investor |
|---|---|---|---|
| Seed | 2017 | Undisclosed | HTGF |
| Series A | 2018 | $5.4M | eCapital |
| Series B | 2020 | $20M | M Ventures, imec.xpand |
| Series C | 2025 | €100M | HV Capital, DTCF |
The Team Behind Europe's Memory Bet
Founded in 2016 as a TU Dresden spin-out, FMC was created by Dr. Stefan Müller and Menno Menenga, with semiconductor veteran Ali Pourkeramati joining as CEO.
Pourkeramati previously led memory strategy at Cypress Semiconductor and Spansion, bringing decades of industry credibility to the startup.
The fresh capital accelerates commercial deployment targeting the €100+ billion memory chip market, with plans to expand manufacturing in Europe and establish footholds in US and Asian markets.
FMC Deal Breakdown
| Parameter | Details |
|---|---|
| Total Funding | €100M (~$116M USD) |
| Equity Portion | €77M |
| Public Grants | €23M |
| Lead Investors | HV Capital, DTCF |
| Participating Investors | Vsquared Ventures, eCAPITAL, Bosch Ventures, Air Liquide VC, M Ventures, Verve Ventures |
| Valuation | Undisclosed |
| AICurator Rating | 8.5/10 – Strong technology moat, proven investors, massive TAM |
What Comes Next?
FMC faces fierce competition from Asian memory giants Samsung and SK Hynix who dominate 70%+ of the global market. But Europe's push for semiconductor sovereignty creates a political tailwind.
The company's strategy hinges on partnering with automotive and industrial customers who prioritize supply chain security over price. With GlobalFoundries already licensing FMC's technology, commercial traction is building.
If FMC executes, it could become Europe's first credible memory chip champion in decades.
Connect With FMC
| Platform | Link |
|---|---|
| Website | ferroelectric-memory.com |
| linkedin.com/company/ferroelectric-memory-company | |
| X | @FMCMemory |
| Location | Dresden, Germany |
