Polish technology company XTPL has raised PLN 26 million before costs through a fully subscribed share issue, bringing Taiwania CEE Fund into its shareholder base with a 5.9% stake after the issue. The Taiwanese investor committed nearly PLN 12.9 million, and XTPL expects the relationship to support its expansion in Asia’s semiconductor industry.
By the Editorial Team. Polish original published on 13 November 2026 at 12:30 UTC.
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Taiwania takes almost half the new shares
Investors subscribed and paid for all 400,000 Series Z ordinary bearer shares, the maximum authorised under the issue resolution. The issue price of PLN 65.00 per share matched that of XTPL’s Series Y issue in March 2026.
The Central and Eastern Europe Investment Fund, a Taiwanese fund managed by Taiwania Capital and known as Taiwania CEE Fund, acquired 198,462 shares. The investment followed almost two years of contact and a positive due diligence review.
XTPL described the investment as an endorsement of its technology’s potential. It expects the fund’s involvement to create opportunities to work with Taiwanese industrial and institutional partners, strengthening its position in the semiconductor market.
“We have successfully completed the Series Z subscription, with investors subscribing and paying for all 400,000 shares offered and XTPL raising PLN 26 million gross. We are particularly pleased that Taiwania CEE Fund participated in the issue,” said Filip Granek, XTPL’s CEO.
“This investor’s first investment in a Polish listed company fits with the international expansion plans we have been pursuing for XTPL. We have built the company for a global market from the outset, so we want shareholders who not only see the potential of our technology but also understand the industries in which we commercialise it and can help us reach new customers.
“Taiwan is one of the world’s most important semiconductor industry centres. Developing our business there requires not only the right technology but also the local relationships and trust that Taiwania Capital provides.”
Fund sees opportunities in chips and advanced packaging
“XTPL has been steadily strengthening its presence in Taiwan, from the joint demonstration centre to its growing relationships with Taiwanese industrial partners,” said Richard Wang, managing partner of Taiwania CEE Fund. “As artificial intelligence drives demand for increasingly advanced integrated circuits and packaging technologies, manufacturers need new solutions that deliver high precision and production yields at an industrial scale.
“This is where XTPL’s technology has a role to play. We look forward to working closely with the XTPL team, helping it connect with partners in Taiwan’s semiconductor ecosystem and supporting its next stage of growth in Asia.”
Existing shareholders’ pre-emption rights were excluded in full for the Series Z issue. The remaining 201,538 shares were subscribed and paid for by other qualified investors who held at least 0.5% of XTPL’s total shares at the end of the record date for the extraordinary general meeting held on 19 October 2026. Trigon Dom Maklerski S.A., the Polish brokerage, acted as offering agent and sole bookrunner.
“Taiwania Capital’s portfolio also includes other semiconductor companies that could become technology partners or customers for XTPL. We believe that having an investor with strong ties to this ecosystem will help us reach additional industrial partners more effectively, while creating new opportunities for cooperation between the Polish and Taiwanese advanced technology sectors,” Granek said.
“We are at a stage where preparing XTPL to fulfil further industrial orders is becoming increasingly important, both in new geographical markets and in additional applications, including yield management—improving production yields—in the semiconductor sector, and advanced packaging.
“Taiwania Capital is a venture capital firm investing globally in advanced technology sectors, with deep roots in Taiwan’s semiconductor ecosystem. It brings market knowledge, business relationships and local credibility to our organisation.”
Proceeds to support UPD, ODRA and Asian expansion
The PLN 26 million in gross proceeds will support XTPL’s 2026–2028 strategy, particularly further commercialisation of its Ultra-Precise Dispensing (UPD) technology and the development of its new ODRA systems business. Strengthening its presence in key overseas markets, including Asia, remains another priority.
In Taiwan, XTPL is developing its relationship with Manz Asia, including through a joint demonstration centre at the Semiconductor Innovation R&D Center in Taoyuan. The company sees Taiwania CEE Fund’s investment as a complement to its existing business and partnerships, offering further opportunities to expand in semiconductors.
The new share issue follows a PLN 19.5 million gross offering in March and a PLN 10.1 million grant from Poland’s National Centre for Research and Development (NCBR). Together, the three sources of financing amount to PLN 55.6 million.
“The PLN 26 million in gross proceeds from the Series Z issue, together with the PLN 19.5 million gross offering in March and the PLN 10.1 million NCBR grant, secure funding for our further development plans, including in Taiwan,” said Jacek Olszański, XTPL’s board member responsible for finance.
“Economic and technological cooperation between Poland and Taiwan is becoming increasingly important, particularly in semiconductors and advanced electronics. XTPL has been actively involved in this process, developing relationships with Taiwanese industrial partners for several years.
“Bringing in an investor from that market is another important step in building these relationships. We believe it will provide significant support as we commercialise XTPL’s solutions more widely around the world.”
Investment adds to Poland–Taiwan technology ties
The investment comes amid growing technological and economic cooperation between Poland and Taiwan, particularly in semiconductors. One example of Taiwanese interest in Poland is the planned technology park of Taiwanese organisation TEEMA in Miękinia, near Wrocław. Foxconn, one of the world’s largest electronics manufacturers, is also expected to participate in that project.
XTPL sees further opportunities to develop commercial relationships with companies in Taiwania CEE Fund’s portfolio, which could become technology partners or customers.
Taiwania Capital was established in August 2017 by Taiwan’s National Development Fund, which operates under the Executive Yuan, Taiwan’s cabinet, in partnership with private companies. Its stated mission is to connect Taiwan’s technology and biotechnology sectors with global innovation and provide portfolio companies with strategic resources for growth and market expansion.
The venture capital firm manages eight funds, focusing on early-stage and growth companies in Taiwan, the United States, Japan, Southeast Asia, and Central and Eastern Europe.
