1. Deep tech is on the rise in Europe, benefiting from a match between AI and math excellence, community support, and increased funding.
2. Elaia’s third deep tech seed fund, DTS3, is double the size of previous funds, focusing on B2B deep tech startups in computing, industry, and life science.
3. France’s expertise in mathematics, public policy support from initiatives like Tibi and Bpifrance, and strong research partnerships contribute to the success of deep tech companies and funds like DTS3.
Deep tech is flourishing in Europe, particularly in France, with advancements in AI and math excellence contributing to its growth. Elaia’s latest deep tech seed fund, DTS3, has doubled in size from previous funds and is set to reach €120 million. The fund focuses on B2B deep tech startups in computing, industry, and life sciences, with a goal of investing in 40 startups and following up with 25-30 of them as they mature.
Partnerships with research institutions have been crucial for Elaia, providing access to innovative projects and leading to successful investments in companies like Aqemia, Alice&Bob, and Mablink Bioscience. Elaia’s involvement in the European dynamism movement aims to attract American investors and highlight the region’s deep tech potential. The fund is also supported by initiatives like Tibi and Bpifrance, which incentivize institutional investors to back venture capital funds.
Elaia’s success in leveraging France’s math expertise and public policy support has positioned it as a key player in the European deep tech landscape. The fund’s strategic focus on French startups reflects a commitment to building a dynamic ecosystem for startup creation in the country. Overall, DTS3’s growth and partnerships showcase the potential for deep tech innovation in Europe and its ability to attract both local and international investors.