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AI News July 2024

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Elaia's Bold Leap_ Fueling Europe's Deep Tech Ambition with a New Multimillion-Euro Fund
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Elaia’s Bold Leap: Fueling Europe’s Deep Tech Ambition with a New Multimillion-Euro Fund

Elaia’s Bold Leap: Fueling Europe’s Deep Tech Ambition with a New Multimillion-Euro Fund

Elaia, a French venture capital firm, is significantly scaling up its commitment to Europe's deep tech sector with the launch of its third deep tech seed fund, DTS3. Starting with a remarkable €60 million, the fund aims to ultimately gather €120 million to foster innovation in computing, industry, and life sciences. Elaia's approach emphasizes early investments in around 40 B2B deep tech startups, planning to continue support for 25 to 30 of these as they progress. The fund marks a significant boost for European deep tech, leveraging long-standing relationships with research institutions to secure a steady flow of promising projects. This initiative not only showcases Elaia's confidence in the European deep tech landscape but also aligns with broader movements like European Dynamism, challenging the tech status quo and attracting global investment interest.

Source: https://techcrunch.com/2024/03/13/elaia-deep-tech-european-dynamism/ click to copy
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