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European Innovation Council Fund

Venture capital

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Last 12 months
13 investments
Tracked investments
33
Unicorns
1
Acquisitions
1

What they invest in

from 28 of 33 portfolio companies

Deep Tech ×14Hardware ×10Cleantech ×9Biotech ×8Energy ×5Circular Economy ×4Climate Tech ×4Medical Devices ×4

HQs:United States×4Germany×3Denmark×2France×2Netherlands×2Austria×1

Investments · 33 tracked

founders shown can be your intro path

By year:2026 · 92025 · 82024 · 42023 · 42022 · 126 dated

Axelera AIaxelera.aiin𝕏Feb 2026✓ verified

Axelera AI develops hardware and software platforms for artificial intelligence inference at the edge, including specialized processors and accelerators for edge computing, computer vision, natural language processing, and automotive applications.

AI & Machine LearningHardwareSemiconductorsEindhoven, NL

Fabrizio Del Maffeo(Chief Executive Officer, Co-Founder)inEvangelos Eleftheriou(Chief Technology Officer, Co-Founder)in

Co-investorsInnovation IndustriesSamsung Catalyst FundVerve VenturesBlackRockInvest-NLCDP Venture Capital+2 more

ecopecop.atin✓ verified

ecop develops the Rotation Heat Pump, a patented industrial heat pump using centrifugal force to produce CO2-free heat for decarbonizing industrial processes.

CleantechClimate TechEnergy

Co-investorsEIT InnoEnergyFSP Ventures

Leyden Labsleydenlabs.cominJun 2026✓ verified

Leyden Labs develops nasal sprays containing antibodies that target respiratory viruses such as influenza and COVID at the nasal mucosa to prevent initial infection and transmission.

BiotechDeep TechHealthtechLeiden, NL

Koenraad Wiedhaup(Founder & Chief Executive Officer)inRonald Brus(Founder & Chief Growth Officer)inJaap Goudsmit(Founding Scientist and Senior Advisor)inDinko Valerio(Founder and Chair of the Supervisory Board)inJintanat Ananworanich(Chief Medical Officer)inClarissa Koch(Chief Scientific Officer)in

Co-investorsClavystBioF-Prime CapitalGV (Google Ventures)Bluebird VenturesCasdin CapitalEuropean Investment Bank+6 more

Nanophoriananophoria.comin✓ verified

NanoPhoria is a life sciences company that raised an €83.5 million Series A round.

BiotechDeep TechMedical Devices

Daniele CatalucciinMichele IafiscoAlessio AlognaClaudio De Lucain

Co-investorsSofinnova PartnersXGEN VentureCDP Venture Capital

Aldoriaaldoria.comin𝕏

Aldoria develops space surveillance technology for Space Situational Awareness (SSA) and Space Traffic Management (STM), serving governments, space agencies, institutions, and commercial satellite operators.

Deep TechDefense TechSpace Tech

Romain Lucken(CEO & Co-founder)inDamien Giolito(Co-founder)in

Co-investorsExpansion VenturesStarquest CapitalWind VentureBpifranceEIC

Bluedropbluedrop.comMar 2023

Bluedrop operates two business divisions: one providing integrated skills management solutions, and another offering complex equipment and mission training services.

EdTechEnterprise Software

Co-investorsFlow CapitalEnterprise IrelandFurthr VCWestern Development Commission

Cellevatecellevate.cominMay 2025

Cellevate develops Cellevat3d nanofiber-based microcarriers and cell culture systems for upstream bioprocessing, used in viral vector, viral vaccine, and stem cell production by gene therapy and biopharmaceutical organizations.

Advanced ManufacturingBiotechDeep TechMedical DevicesNew MaterialsLong Beach, US

Maximilian Ottosson(Founder)inClint Monfort(Executive Officer, Director, Promoter)

Co-investorsIndustrifondenOnsight VenturesEuropean Investment BankEIC

Circularnowcircular.comin

Circular enables consumers to access technology devices through a flexible ownership model that reduces electronic waste and supply chain pressure.

Circular EconomyConsumerE-commerceFintechHardwareMarketplacesSingapore, SG

Nicolas Ramsay(Founder)inPantha Roy(Founder)in

Co-investorsY Combinator360 CapitalAirTree VenturesCDP Venture CapitalGlobal Founders CapitalGoodwater Capital+5 more

Circular Materialscircular-materials.com

Italian cleantech startup founded in 2019 that uses a patented electrochemical/hydrothermal process to recover critical metals like nickel and ruthenium from industrial wastewater.

Co-investors360 CapitalCDP Venture Capital

Electrochaeaelectrochaea.comin

Electrochaea is a Power-to-Gas technology company whose patented biomethanation process uses a proprietary strain of archaea to convert CO2 and green hydrogen into grid-quality renewable e-methane.

BiotechCleantechDeep TechEnergy

Laurens Mets(Founder / Scientific originator)in

Co-investorsMatterwave VenturesMissouri Technology CorporationMunich Venture Partners

EnduroSatendurosat.comin𝕏Oct 2025 · $104M

EnduroSat develops and operates satellites and avionics systems to democratize access to space intelligence and satellite-based services.

Deep TechHardwareSpace TechSofia, BG

Raycho Raychev(Founder & CEO)in

Co-investorsFounders FundFreigeist CapitalGV (Google Ventures)Riot VenturesLux CapitalShrug Capital

Focused Energyfocused-energy.coin𝕏May 2026 · $240M

Focused Energy develops laser-driven fusion technology to commercialize fusion power generation at scale.

CleantechClimate TechDeep TechEnergyHardwareDarmstadt, DE

Thomas Forner(Co-Founder & CEO)inMarkus Roth(Co-Founder & CSO)inTodd Ditmire(Executive Officer)inDebbie Calahan(Chief Strategy Officer)Suzanne Wuersch(Executive Officer)Anika Stein(Executive Officer)

Co-investorsA-Rod CorpDraper AssociatesNucleation CapitalPrime Movers Lab

Groovegroove.oooApr 2026acquired by Clari · Aug 2023

Groove was a San Francisco-based B2B sales engagement platform that helped enterprise sales reps automate outreach, playbooks, and CRM data entry to boost productivity.

Chris Rothstein(Founder)in

Co-investorsCounterview CapitalLevel EquityOverton Venture CapitalQuest Venture PartnersResolute VenturesUncork Capital+4 more

Heart Aerospaceheartaerospace.comin𝕏Feb 2024 · $107M

Heart Aerospace develops electric regional aircraft for commercial airline operators.

Advanced ManufacturingCleantechClimate TechHardwareSpace TechLos Angeles, US

Anders Forslund(Co-Founder & Chief Executive Officer)in

Co-investorsBreakthrough Energy Ventures2am VCCastor VenturesLOWERCARBONLowercarbon CapitalSagitta Family Office+12 more

Humminkhummink.comin𝕏Nov 2025

Hummink develops NAZCA, a precision printing machine for manufacturing miniaturized electronics and nano-electronic components at nanometer-to-micrometer scales.

Advanced ManufacturingDeep TechHardware

Amin M'Barki(Founder)in

Co-investorsElaiaBpifranceCAP HORN VCKBC Focus Fund

Indoor Roboticsindoor-robotics.comJun 2022 · $15M

Tando drone that maps and navigates indoor spaces to secure and monitor large areas.

Co-investorsChampel CapitalRed Beard VenturesPitangoSpider CapitalTarget Global

Infiniteinfinite.devin𝕏Nov 2025

Infinite provides APIs and SDKs for businesses to integrate stablecoin payment capabilities, enabling fast, low-cost global settlement without cryptocurrency complexity.

Crypto & Web3Developer ToolsEnterprise SoftwareFintechSan Francisco, US

Nikhil Srinivasan(Founder & CEO)inRaj Lad(Founder & CTO)inNathan J. Clark(Executive Officer, Director)James M Rolette(Director)Costa Hasapopoulos(Director)Mark Cree(Executive Officer, Director, Promoter)

Co-investorsOIG Capital (Oracles Investment Group)Y Combinator468 CapitalAscend Venture CapitalBalnord Sp. z o.o.Bessemer Venture Partners+10 more

Infinite Orbitsinfiniteorbits.ioin𝕏Nov 2025

Infinite Orbits is a NewSpace company providing in-orbit satellite services for geostationary operators, including asset inspection, satellite life extension, and end-of-life management.

AI & Machine LearningDeep TechRoboticsSpace Tech

Adel Haddoud(CEO & Co-Founder)inAkshay Gulati(CTO & Co-Founder)inManos Koumantakis(Chief Scientist Officer & Co-Founder)Marion Andrieux(Chief Commercial Officer)inAgathe Tschiember(Chief People Officer)inMichel Poucet(General Manager Luxembourg)in

Co-investorsBalnord Sp. z o.o.Matterwave VenturesNewfund CapitalWind Venture

Kaffe Buenokaffebueno.comin𝕏Dec 2023

Kaffe Bueno upcycles coffee by-products into functional ingredients for consumer and industrial applications, operating as a sustainable biotech company focused on circular economy principles.

BiotechCircular EconomyCleantechFoodTechNew MaterialsCopenhagen, DK

Camilo Fernandez(Co-founder | CFO)inAlejandro Franco(Co-founder | CCO)inJuan Medina(Co-founder)in

Co-investorsKickstart InnovationPINCThe Yield LabThe Yield Lab Europe

Kvantifykvantify.cominMar 2026

Kvantify develops software that runs on both quantum computers and classical computing architectures (CPU/GPU) to solve chemistry and biology problems for molecular and drug discovery.

BiotechDeep TechQuantum ComputingKøbenhavn Ø, DK

Co-investorsQAI Ventures2xNBalderton CapitalBioCapitalDelphinus Venture CapitalDreamcraft

Lociloci.ai

Loci maps ideas, inventions and patents, powering InnVenn, a visual Venn-diagram-based patent search tool for inventors.

Sterling, US

John Wise(Executive Officer, Director)

Co-investorsBlue Wire CapitalTIRTA VenturesEnterprise IrelandLaunch Capital

Marvel Fusionmarvel-fusion.comApr 2025 · $54M

Fusion energy technology company developing clean power.

Co-investorsBayern KapitalEarlybird DWES Management GmbH & Co. KGHoltzbrinck VenturesHV CapitalPossible Venturesb2venture+3 more

Mindpeakmindpeak.aiinSep 2024 · $15.3M

Mindpeak develops AI-powered diagnostic software for cancer pathology, translating complex tissue data into clinical insights to support treatment decisions.

AI & Machine LearningBiotechDigital HealthMedical Devices

Felix Faber(Founder)in

Co-investorsNina CapitalZEISS VenturesAI Fund

Orange Quantum Systemsorangeqs.comin𝕏Apr 2026

OrangeQS provides automated testing and characterization equipment and software for quantum chips with several to hundreds of qubits.

Deep TechHardwareQuantum Computing

Co-investorsCottonwood Technology FundQbeat VenturesQDNL Participations

Papticpaptic.comin𝕏Jan 2024

Paptic is a material innovation company that developed Paptic®, a fibre-based, recyclable material designed to replace plastics in packaging.

Circular EconomyCleantechNew MaterialsEspoo, FI

Esa Torniainen(Co-founder)inKarita Kinnunen-Raudaskoski(Co-founder)inTuomas Mustonen(Co-founder)inKatja Jokiaho(Chief Sales Officer)in

Co-investorsEmerald Technology Ventures AgEuropean Circular Bioeconomy FundVoima Ventures

Proxima Fusionproximafusion.cominSep 2025

Proxima develops stellarator fusion power plants designed to deliver clean, grid-ready electricity.

CleantechDeep TechEnergyMunich, DE

Dr. Francesco Sciortino(CEO and co-founder)Dr. Lucio Milanese(Co-founder and Chief External Affairs Officer)Dr. Jorrit Lion(Chief Scientist and co-founder)Martin Kubie(Chief Engineer and co-founder)inJonathan Schilling(Head of Labs and co-founder)in

Co-investorsBalderton CapitalBayern KapitalBurda Principal InvestmentsCherry VenturesDeepTech & Climate FondsElaia+11 more

Quandelaquandela.comin𝕏Nov 2023

Quandela develops hardware, middleware, and software for full-stack photonic quantum computing systems designed for industrial applications in energy, cybersecurity, and finance.

Deep TechHardwareQuantum Computing

Valerian Giesz(Founder)in

Co-investorsQuantonationSerenaBpifranceOmnes Capital

Qubitboletosqubit.coApr 2026

Qubit is a Colombian company offering a blockchain-based ticketing system for the entertainment and recreation industry.

Media & EntertainmentSaaS

Juan MarinLina Sanchez

Co-investors500 Global1789 Capital55 NorthBaillie GiffordBlackRockETF Partners+7 more

R3 Roboticsr3robotics.aiinFeb 2026

R3 Robotics builds automated systems for disassembling and dismantling electric vehicle batteries and complete EV systems, including e-drives and power electronics, at industrial scale.

Circular EconomyCleantechRoboticsLuxembourg, LU

Antoine Welter(Founder)in

Co-investorsBONVENTUREHG Ventures

Reverionreverion.cominSep 2024

Reverion develops reversible solid-oxide fuel cell power plants that generate climate-positive power and provide energy storage, offered as containerized units scaling from 10 kW to 500 kW.

CleantechClimate TechEnergyEresing, DE

Luis Poblotzki(Co-Founder & CDO)inStephan Herrmann(Co-Founder & CEO)inFelix Fischer(Co-Founder & COO)inJeremias Weinrich(Co-Founder & CPO)inMaximilian Hauck(Co-Founder & CTO)in

Co-investorsCarbonEnergy Impact PartnersGGFGreen Generation FundHonda Innovations Silicon ValleyPossible Ventures+5 more

Sensocuresensocure.noJan 2025

Sensocure develops implantable microsensor technology to monitor tissue oxygen levels and detect ischemic events before irreversible damage occurs.

BiotechDigital HealthHardwareHealthtechMedical DevicesOslo, NO

Trond Herje(CEO)Stein Hansen(Chief Technology Officer)

Co-investorsInnovation NorwaySkagerak Capital

Trebletreble.vc𝕏Sep 2026 · $18M

Treble is a venture capital firm founded by Daniel Gulati that invests in consumer technology startups at the earliest stage.

Consumer

Co-investorsRadar VenturesEICFrumtak VenturesKOMPAS VCPaladin Capital Group

Wingtrawingtra.comin𝕏Mar 2023 · $22M

Wingtra builds aerial survey drones (such as the WingtraRAY) along with a connected app for planning, capturing, processing, and exporting mapping data into CAD and GIS workflows.

Deep TechHardwareRoboticsZürich, CH

Elias Kleimann(Founder)inMaximilian Boosfeld(Founder)in

Co-investorsBrick Mortar VenturesVerve VenturesACE & CompanyEquityPitcher Ventures

Exits · 1

1 acquisitions

Grooveacq. by Clari

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has European Innovation Council Fund made?
European Innovation Council Fund has 33 tracked investments, 1 of which have exited, including 17 dated in the last 24 months.
What sectors does European Innovation Council Fund focus on?
European Innovation Council Fund focuses on Crypto & Web3.

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