Elaia closes third DeepTech Seed fund at €134 million as “European DeepTech is reaching escape velocity”
European venture capital firm Elaia has announced the significant closing of its third DeepTech Seed fund (DTS3) at €134 million, a substantial doubling of its previous seed fund sizes. This move signifies a strong belief in the burgeoning European deep tech landscape, which the firm suggests is achieving "escape velocity." The fund's growth and investor base, which includes prominent research institutions and financial entities, underscore a growing confidence in European innovation from pre-seed to Series B stages. DTS3 will focus on investing in B2B startups across Europe, with initial checks ranging from €1 million to €13 million. The fund's strategic partnerships with leading European research bodies such as PSL, INRIA, CNRS, and the Barcelona Supercomputing Centre, provide early access to cutting-edge technologies and exceptional founding teams. This collaborative approach aims to nurture breakthrough innovations in core areas including the future of computing (AI, cybersecurity, semiconductors), industry (robotics, energy), and life sciences (biotech, digital health). The impact of such substantial funding is a boost to European digital sovereignty, fostering homegrown innovation and offering alternatives to established global tech giants. Elaia's investment strategy, which includes companies like fusion energy firm Proxima Fusion and AI company GetVocal, highlights a commitment to advancing foundational technologies and their real-world applications. This increased investment capacity across the continent is crucial for scaling European deep tech companies and solidifying their position on the global stage.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.