Tusk IC Raises €15M Series A Led by Flanders Future Tech Fund

Tusk IC has raised a €15 million Series A round led by Flanders Future Tech Fund, according to funding data tracked by VeilStrat. The round is dated September 17, 2026, and is denominated in EUR.

What Tusk IC Does

Tusk IC is a fabless semiconductor company spun out of the MICAS research group at KU Leuven and based in Antwerp, Belgium. It designs millimeter-wave CMOS chips and active antenna modules for Ka-band satellite communications, including beamformer ICs and modular antenna elements for low-cost electronically steered flat-panel antennas used with LEO and MEO constellations.

Active since 2018, the company serves satellite-communications equipment makers and has been backed by the European Space Agency through its ARTES programme.

The Round

• Round type: Series A
• Amount: €15,000,000 EUR
• Date: September 17, 2026
• Lead investor: Flanders Future Tech Fund

Investors

• Flanders Future Tech Fund (lead)
• Matterwave Ventures
• Forward.one
• Schaubroeck family

Why It Matters

Satellite communications is in the middle of a capacity build-out driven by LEO and MEO constellations, and the ground-segment hardware that connects to those constellations is a critical bottleneck. Electronically steered flat-panel antennas are central to lowering the cost and complexity of user terminals, and the beamformer ICs and antenna modules Tusk IC designs sit at the heart of that architecture.

The company's fabless model and its roots in KU Leuven's MICAS research group give it a research pedigree in millimeter-wave CMOS, a technically demanding domain. Its prior backing from the European Space Agency through the ARTES programme signals institutional validation of its technology roadmap.

For acquirers and strategics in semiconductors, satellite communications and European deep tech, Tusk IC represents a specialized asset in a supply chain that is attracting increasing attention. The Series A, led by a regional institutional fund with participation from venture investors and a family office, provides capital to scale a business that serves satellite-communications equipment makers.

Company Snapshot

• Name: Tusk IC
• Domain: tusk-ic.com
• Based in: Antwerp, Belgium
• Active since: 2018
• Origin: Spun out of the MICAS research group at KU Leuven
• Stage: Series A
• Focus: Millimeter-wave CMOS chips and active antenna modules for Ka-band satellite communications

VeilStrat will continue to track Tusk IC as it deploys the new capital.