Heraeus makes a multi-million euro investment in semiconductor startup CSMH, a CM portfolio company

March 22, 2024

Heraeus is a CM Venture LP, while CSMH is a CM Venture portfolio company

German-headquartered Heraeus, a CM Venture Capital LP, has made a new investment in a CM Venture portfolio company which specializes in next-gen semiconductors in China.

With strong interest in SiC & diamond semicons, Heraeus has chosen CSMH (Compound Semiconductors) as a strategic partner after nearly a year of research and discussions. CM Venture is honored to part of the advisory, diligence and selection process.

CM Venture invested in CSMH for its pre-A round in 2022. This year, Heraeus is investing in CSMH for its pre-A+ round. 

CSMH is founded in 2020 in Xiamen, China, by a global team (Korea, China & Singapore), and is an advanced semiconductor manufacturing tech-based JV. It is equipped with advanced manufacturing tools – MPCVD, MOCVD, LPCVD, HVPE, high-temp PVD – to produce high-quality Diamond Wafers and AlN templates on various substrates (Si, sapphire & diamond). With 40 patents in tow – 23 invention patents and 17 utility models – the startup has proven itself as an innovator in the semiconductor space.

The sizeable investment by Heraeus is testament to the high quality and value of CSMH’s semiconductor production.

CM Venture’s investment in CSMH is a result of our 4-step brand process, Predict, Select, Build, Partner: researching & understanding technology vs marketplace, picking the right startup based on strict criteria, supporting startups in their journey, and connecting all startups to an ecosystem of high-value opportunities.

“This investment reinforces Heraeus’ commitment to cutting-edge material start-ups and emphasizes its strategic focus on the semiconductor market. With CSMH’s outstanding diamond wafer technologies, we expect to set new standards to accelerate AI and cloud computing, as well as revolutionize inverter architecture for EVs,” said Dr Steffen Metzger, member of Heraeus Executive Board.

At CM Venture, we are constantly finding new ways to add value to our investors and startups, through a high-value ecosystem.


Find out more about CSMH at https://en.csmh-semi.com/