# Lace Lithography AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lace-lithography

- Industry: Semiconductors
- Headquarters: Bergen, Norway
- Website: www.lacelithography.com/
- Total disclosed funding: $43M
- Latest round: Series A (Mar 24, 2026)
- Investors on record: 11

## About

Founded in 2023 in Bergen, Norway by Morten Ansteensen, Bodil Holst and Adria Salvador Palau, Lace Lithography AS focuses on atom lithography systems. The current CEO is Bodil Holst. In November 2025, Lace Lithography AS raised EUR 34.5 million in series A funding led by Atomico, with participation from Linse Capital, Sociedad Espanola para la Transformacion Tecnologica, Nysno Climate Investments, and M12. Vsquared Ventures, Runa Capital and Future Ventures also participated in the round.

Lace Lithography specializes in the development of BEUV (Beyond-EUV) atom lithography systems, which represent a significant advancement in chip patterning technology. The core product aims to enable the production of quantum-capable chips by utilizing atoms instead of light, thereby extending Moore’s Law for an additional decade. This innovative approach addresses the growing demand for smaller, more efficient semiconductor devices crucial for various applications, including computing, telecommunications, and consumer electronics. Lace Lithography’s technology is poised for integration into manufacturing processes for chip producers worldwide, particularly in global markets such as North America, East Asia, and parts of Europe, where there is a high concentration of semiconductor manufacturing and research activities. The company’s target customers include major semiconductor manufacturers and tech giants seeking to upgrade their production capabilities to meet future demands.

Lace Lithography generates revenue primarily through B2B transactions, focusing on partnerships with semiconductor manufacturers and technology firms. The business model is built around long-term contracts and collaborations, where clients invest in the development and acquisition of BEUV systems tailored to their production needs. Revenue streams are expected to include direct sales of patented lithography systems as well as ongoing service and maintenance agreements. The pricing structure for these advanced systems and associated services is determined by the complexity and scale of the projects, reflecting the bespoke nature of the technology provided. This transactional framework not only supports recurring revenue through service contracts but also positions Lace Lithography as a critical partner in the evolution of global chip production.

The company plans to use the November 2025 funding to further develop its helium atom-beam lithography technology, build and test prototype systems, and prepare its equipment for pilot use in semiconductor fabrication.

## Funding rounds

- Series A, Mar 24, 2026, $42M — Atomico, Runa Capital, M12, Linse Capital, Future Ventures, Vsquared Ventures, Nysnø Climate Investments, Sociedad Española para la Transformación Tecnológica
- Seed, Jul 27, 2023, $0.5M — Runa Capital, Innovation Norway, Future Ventures, Vsquared Ventures, Deep Future, European Innovation Council

## Investors

- Runa Capital (https://capitalatlas.ai/funds/runa-capital) — Seed, Series A
- Innovation Norway — Seed
- Future Ventures — Seed, Series A
- Vsquared Ventures (https://capitalatlas.ai/funds/vsquared-ventures) — Seed, Series A
- Deep Future (https://capitalatlas.ai/funds/deep-future) — Seed
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Seed
- Atomico (https://capitalatlas.ai/funds/atomico) — Series A
- M12 (https://capitalatlas.ai/funds/m12) — Series A
- Linse Capital (https://capitalatlas.ai/funds/linse-capital) — Series A
- Nysnø Climate Investments — Series A
- Sociedad Española para la Transformación Tecnológica — Series A