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About EIC Fund

EIC Fund is an accelerator and incubator program based in Brussels, Belgium. With a presence in 56 countries, it has supported around 4,340 startups in sectors like High Tech, Enterprise Applications. As of Sep 2026, EIC Fund has 9 unicorns under its belt and has witnessed 419 portfolio exits. Most notable companies in its portfolio include Proton, IQM and RELEX. The program is backed by a team of 13 people who primarily support Grant (prize money) startups based in Spain. Its latest investment was a $3.83M Series B round in MOA foodtech on Sep 04, 2026, which also saw participation from Swanlaab Venture Factory and CDTI.
Key Metrics
Location
Brussels, Belgium
Portfolio Companies
Sectors of Investment
Stages of Investment
Grant (prize money), Seed & 7 more
Locations of Investment
Unicorn in Portfolio

EIC Fund's List of Top Investments

EIC Fund has a portfolio of 4,340 companies, including 9 unicorns. Their most notable investments are in Octave and Hemispherian.Their portfolio spans across Spain, Italy, Germany and 53 more locations. They have invested in High Tech, Enterprise Applications, Life Sciences and 41 other sectors, across stages such as Grant (prize money), Seed  and 7 more. Here is the list of top investments by EIC Fund:
Provider of encrypted email, calendar, VPN, password management, and cloud services. It offers tools for secure communication, private scheduling, online activity protection, and password management. The company provides cloud storage, document editing, and spreadsheet collaboration. It also features an AI assistant focused on user privacy and an email alias service.

Key facts about Proton

  • Founded Year: 2014
  • Location: Geneva (Switzerland)
  • Stage: Seed
  • Total Funding till date: $2M
  • Employee Count: 982 as on Aug 31, 2026
  • Investors: EIC Fund, The TOP 100 and 4 Others
  • Latest Funding Round: Grant (prize money), Mar 31, 2021, $*****
  • Highlight: Editors' Pick

2. IQM

Developer of superconducting quantum computers. Its features include quantum processors with on-chip components that increase QPU clock speed for error correction, as well as application-specific processors and quantum operations.

Key facts about IQM

  • Founded Year: 2018
  • Location: Espoo (Finland)
  • Annual Revenue: €10M - €50M as on Dec 31, 2025
  • Valuation: $*****
  • Stage: Series B
  • Total Funding till date: $600M
  • Employee Count: 399 as on May 31, 2026
  • Investors: Ten Eleven Ventures, BlackRock and 26 Others
  • Latest Funding Round: Conventional Debt, Mar 30, 2026, $*****
  • Highlight: Editors' Pick
Provider of unified platform for retail and supply chain planning. The platform offers solutions for demand planning, manufacturing planning, and distribution planning. It facilitates collaboration across the supply chain, including inventory and replenishment management. The platform also provides tools for retail operations, space and assortment planning, and pricing and promotions.

Key facts about RELEX

  • Founded Year: 2005
  • Location: Helsinki (Finland)
  • Annual Revenue: €100M - €500M as on Dec 31, 2023
  • Valuation: $*****
  • Stage: Series D
  • Total Funding till date: $816M
  • Employee Count: 2,297 as on Aug 31, 2026
  • Investors: TCV, Summit Partners and 5 Others
  • Latest Funding Round: Series D, Dec 11, 2024, $*****
  • Highlight: Editors' Pick
Provider of digital bank solutions for individuals and businesses. It offers savings and current accounts, prepaid cards for online offline purchases, bill payments, money transfers, and more. It features multi currency accounts enabling users to transact using multiple currencies. The application is available on Android and iOS platforms.

Key facts about Monese

  • Founded Year: 2013
  • Location: London (United Kingdom)
  • Annual Revenue: £10M - £50M as on Dec 31, 2023
  • Last Known Valuation: $*****
  • Stage: Acquired
  • Total Funding till date: $269M
  • Employee Count: 146 as on May 31, 2026
  • Investors: Kreos Capital, Kinnevik and 99 Others
  • Latest Funding Round: Series C, May 01, 2024, $*****
  • Highlight: Acquired
Provider of AI-powered digital physical therapy and pelvic health solutions. It offers an expert AI Care for pain through digital physical therapy that pairs AI and licensed clinicians. It uses artificial intelligence and licensed clinicians to deliver virtual care for musculoskeletal conditions, pelvic health, mental health, and cardiometabolic health. It focuses on reducing healthcare costs by preventing surgeries, reducing pain, and improving recovery outcomes through virtual care.

Key facts about Sword Health

EIC Fund's Investments by Stage

EIC Fund has made 4171 investments in Grant (prize money) stage with an average round size of $526K, 29 investments in Seed stage with an average round size of $3.28M and 26 investments in Series A stage with an average round size of $17.4M.
Here are EIC Fund's investments by stage:
Stage of entry
No. of Investments
Grant (prize money)
4171
Seed
29
Series A
26
Series B
15
Series C
4
Others
8
Breakdown of EIC Fund's investments by stage of entryGrant (prize money) (4171)
Note: We have considered here, only first round of investments

EIC Fund's Investments by Sector

EIC Fund has a diverse portfolio, with companies operating in the High Tech, Life Sciences, Enterprise Applications, Sustainability Tech and Environment Tech. Notably, it has invested in 2647 Tech companies, 2574 Enterprise (B2B) companies, 1180 Software companies and at least 1066 companies focusing on Tech hardware.
Here are EIC Fund's investments by sector:
Sector
No. of Investments
High Tech
1005
Life Sciences
811
Enterprise Applications
788
Sustainability Tech
642
Environment Tech
460
Others
4865
Breakdown of EIC Fund's investments by sectorsHigh Tech (1005)Life Sciences (811)
Note: We have considered here, only first round of investments

EIC Fund's Investments by Geography

EIC Fund has made most investments in Spain (665), followed by Italy where it has made 479 investments.
Here are EIC Fund's investments by geography:
Country
No. of Investments
Spain
665
Italy
479
Germany
339
United Kingdom
336
France
299
Others
2125
Breakdown of EIC Fund's investments by countriesSpain (665)Italy (479)
Note: We have considered here, only first round of investments

EIC Fund's recent investments

EIC Fund has made 1 investments in 2026 so far - MOA foodtech.
Here are the most recent investments by EIC Fund:
Date
Company
Location
Round Details
Round Amount
Co-Investors
Sep 04, 2026
Spain
Series B
9716
Nov 17, 2025
France
Series C
6642
Nov 13, 2025
Germany
Grant (prize money)
5402
Oct 23, 2025
France
Series B
3057
  [+5]
Oct 15, 2025
Spain
Series A
8778

Unicorns in EIC Fund's Portfolio

EIC Fund has 9 unicorns in its portfolio - EnduroSat, Multiverse Computing, ICEYE and others. The most recent unicorn in their portfolio is EnduroSat. It became a unicorn in 2026, 7 years after EIC Fund first invested in it.
Here is a list of unicorns in EIC Fund's portfolio:
Tracxn Score
Company
Short Description
Founded year
Sector
Location
Company Stage
First Investment/ Acquisition Details
60
Satellite manufacturer and space-service provider building software-defined satellites
2015
Sofia
Series C
efxwvbj
66
Developer of software for compressing artificial intelligence model data structures
2019
San Sebastian
Series C
hiwodri
72
Manufacturer of radar satellite constellations providing persistent earth observation imagery
2014
Espoo
Series F
hqyjejw
76
Developer of superconducting quantum computers
2018
Espoo
Series B
wkydcdt
68
AI powered market intelligence and search platform
2011
New York
Series F
pgchjaz

IPOs and Publicly Listed companies in EIC Fund's Portfolio

96 of EIC Fund's portfolio companies have become public. PASQAL got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Aug 2026 and Regentis Biomaterials got listed on the New York Stock Exchange (NYSEMKT) at marketcap of $39.4M.
Here are EIC Fund's portfolio companies that went public:
Company
IPO Date
First Invested on
First Round of Investment
Round Size
Aug 28, 2026
Jan 23, 2023
Series B
4087
Dec 04, 2025
May 31, 2021
Grant (prize money)
5076
Nov 20, 2025
Jun 30, 2019
Grant (prize money)
5834
Jun 09, 2023
Jun 30, 2016
Grant (prize money)
7518
Aug 03, 2022
Dec 31, 2015
Grant (prize money)
5472

Acquired companies in EIC Fund's Portfolio

323 companies from EIC Fund's portfolio have been acquired. The most recent acquisition was Omnius in Aug 2026 by Adesso for $*****.
Here are EIC Fund's portfolio companies that got acquired most recently:
Company
Acquisition Date
First Invested on
First Round of Investment
Round Size
Aug 14, 2026
Feb 28, 2021
Grant (prize money)
1304
Aug 10, 2026
Aug 31, 2021
Grant (prize money)
9483
Aug 05, 2026
Dec 31, 2015
Grant (prize money)
5885
Jul 24, 2026
Aug 31, 2020
Grant (prize money)
1623
Jul 10, 2026
-
-
5012

Team profile of EIC Fund

EIC Fund has a team of 13 members including 1 Partner and 1 Principal located in France and United States. EIC Fund's team sits on the board of 1 company.

Co-investors of EIC Fund

Over the past 20 years, 4793 investors have co-invested in EIC Fund's portfolio companies. This includes funds and angels.

  • Invested before EIC Fund: Europa, Venture Kick and 2071 others have invested in rounds before EIC Fund. There are 3310 companies where Europa has invested before EIC Fund and 51 companies where Venture Kick has invested before EIC Fund.
  • Top Co-investors of EIC Fund: 156 investors entered a company along with EIC Fund. These include investors like Invest-NL (3 companies).
  • Invested after EIC Fund: A total of 2564 investors have invested in EIC Fund's portfolio after their investments. Top Investors include Europa (211 companies) and European Innovation Council (56 companies).

Recent News related to EIC Fund

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