About Deep Tech sector in Europe
The Deep Tech sector in Europe comprises 29.5K companies, including 9.4K funded companies having collectively raised $216B in venture capital money and private equity. Out of these, 3.77K are Series A+ funded, and 51 have achieved unicorn status.
Deep Tech sector in Europe has seen 1.56K acquisitions and 561 IPOs. This represents almost 7.2% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes companies that are developing products based on innovative technology and scientific developments such as blockchain, AI, advanced robotics, IoT , etc.
Deep Tech sector is also known as DeepTech, Deep-Tech, Digital Deep or Deep Technology Solutions.
Includes companies implementing technologies like blockchain, artificial intelligence, computer vision, robotics, nanotechnology, IoT into their products. Also includes companies providing infrastructure to develop blockchain, AI, IoT technology such as development tools, smart contracts, and sensor technology, among others. Excludes companies developing products of conventional technology (Shallow Tech) such as conventional digital platforms, conventional robotics in industrial automation, among others.
Top Deep Tech Companies in Europe
There are 29,485 Deep Tech startups in Europe which include Mistral AI, Ledger, Wallbox, Scandit, Sorare. Out of these, 9,397 startups are funded, with 3,767 having secured Series A+ funding, and 51 achieving unicorn status.
2026 has seen the creation of 380 Deep Tech startups in Europe. Over the past 10 years, an average of 1,417 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge, University of Oxford and Imperial College London.
Here is the list of top Deep Tech startups in Europe
1. Mistral AI
Provider of customizable, open-source artificial intelligence models and solutions for various applications. It is a company specializing in open-source large language models and generative AI, providing cutting-edge language models for various applications.
Key facts about Mistral AI
- Founded Year: 2023
- Location: Paris (France)
- Stage: Series C
- Total Funding till date: $3.05B
- Investors: Lightspeed Venture Partners, Andreessen Horowitz and 51 Others
- Latest Funding Round: Conventional Debt, Mar 30, 2026, $*****
- Tracxn Score: 83/100 What is this?
- Competitors Rank: 2 of 473 Competitors
2. Ledger
Blockchain based hardware wallet for cryptocurrency. Its products offered include Nano X, Nano S, Blue, and OTG Kit. It supports multiple cryptocurrencies including Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, and more. It offers a vault which is a multi authorization cryptocurrency wallet management solution.
Key facts about Ledger
3. Wallbox
Provider of electric-vehicle charging solutions. It designs and manufactures electric-vehicle plug-in charging solutions for personal and commercial purposes. It offers various products offers compact charging solutions for cars, and copper can be used for commercial purposes and semi-public use. It offers touchscreen-enabled charging solutions at corporate parking and others. The mobile application is available for android users.
Key facts about Wallbox
- Founded Year: 2015
- Location: Barcelona (Spain)
- Stage: Public
- Total Funding till date: $70.2M
- Investors: Cathay Innovation, Seaya and 17 Others
- Latest Funding Round: Post IPO, Jul 04, 2026, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 1 of 1,773 Competitors
4. Scandit
Developer of smart data capture platform for various industry applications. The platform offers barcode scanning, ID scanning, and shelf intelligence capabilities. It provides tools for barcode scanning, ID scanning, and smart label capture. The platform supports multiple frameworks and languages for developers. It offers solutions for retail, supply chain, healthcare, and other industries.
Key facts about Scandit
- Founded Year: 2009
- Location: Zurich (Switzerland)
- Stage: Series D
- Total Funding till date: $273M
- Investors: Google Ventures, G2 Venture Partners and 15 Others
- Latest Funding Round: Series D, Feb 09, 2022, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 1 of 1,229 Competitors
5. Sorare
Provider of blockchain-powered fantasy sports marketplace for a variety of sports. It gives users access to an NFT-based fantasy sports platform where they may play fantasy football in the site's gaming arena, gather virtual player cards, and exchange them for actual cryptocurrency. Additionally, it claims to confirm and authenticate player cards using the Ethereum blockchain. Multilingualism, squad formation and management, and recurring reporting are among its features.
Key facts about Sorare
- Founded Year: 2018
- Location: Saint Mande (France)
- Stage: Series B
- Total Funding till date: $739M
- Investors: SoftBank Group, Seedcamp and 79 Others
- Latest Funding Round: Angel, Nov 09, 2022, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 1 of 781 Competitors
Companies founded year-on-year in the Deep Tech sector in Europe
380 new startups have been founded so far in 2026 in the Deep Tech sector in Europe. 2,245 Deep Tech startups in Europe were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 380 |
2025 | 423 |
2024 | 737 |
2023 | 1,101 |
2022 | 1,412 |
2021 | 1,759 |
2020 | 1,903 |
2019 | 2,104 |
2018 | 2,245 |
2017 | 2,106 |
Stage-wise distribution of Deep Tech sector companies in Europe
Out of the total 29,485 Deep Tech companies in Europe, 9,397 have secured funding. Among them, 3,767 have reached Series A or higher, and 2,736 to Series B or beyond.
Founded - 29,485
Funded - 9,397
Series A+ - 3,767
Series B+ - 2,736
Series C+ - 2,398
Company Stage | No. of companies |
|---|---|
Founded | 29,485 |
Funded | 9,397 |
Series A+ | 3,767 |
Series B+ | 2,736 |
Series C+ | 2,398 |
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Funding Trends in the Deep Tech sector in Europe
Total funding year-on-year in the Deep Tech sector in Europe
The Deep Tech sector in Europe saw a total funding of more than $188B in the last 10 years. The most amount of funding was in 2024 at more than $29.2B. There has been a total funding of $29.1B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $29.1B |
2025 | $23.8B |
2024 | $29.2B |
2023 | $20.5B |
2022 | $20.2B |
2021 | $24.7B |
2020 | $12.7B |
2019 | $15.3B |
2018 | $7.62B |
2017 | $5.24B |
Recent Funding Rounds in Deep Tech in Europe
In the year 2026, till July 2026, Deep Tech companies in Europe have raised $21.5B in equity funding across 364 rounds.
In the same period last year (i.e. till July 2025), Deep Tech companies in Europe had raised $8.56B across 437 rounds.
So, 2026 has seen a 151.11% rise in funding in Deep Tech companies in Europe as compared to 2025.
Here are some recent, important funding rounds in Deep Tech companies in Europe:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 2817 | Jul 30, 2026 | ||
Seed | 1884 | Jul 29, 2026 | ||
Seed | 5203 | Jul 28, 2026 | and 3 more | |
Seed | 4754 | Jul 28, 2026 | - | |
Series A | 4785 | Jul 28, 2026 |
Top Investors in Deep Tech in Europe
Europa is the top investor in Deep Tech companies in Europe based on number of companies invested.
Here are some top investors in Deep Tech companies in Europe:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Brussels (Belgium) | ||
Sunnyvale (United States) | ||
Menlo Park (United States) | ||
New York City (United States) |
M&A activity in Deep Tech sector in Europe
In the year 2026, till July 2026, 67 acquisitions happened in Deep Tech sector in Europe. Last year, in 2025, a total of 149 acquisitions happened in Deep Tech sector in Europe.
Here are some recent, important acquisitions in Deep Tech sector in Europe:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 30, 2026 | ||
Business Acquisition | Jul 17, 2026 | ||
Business Acquisition | Jul 17, 2026 | ||
Business Acquisition | Jul 14, 2026 | ||
Business Acquisition | Jul 13, 2026 |
Acquisition trends in Deep Tech sector in Europe
Here are the acquisition trends in Deep Tech sector in Europe:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 67 |
2025 | 149 |
2024 | 130 |
2023 | 160 |
2022 | 194 |
2021 | 175 |
2020 | 115 |
2019 | 107 |
2018 | 102 |
2017 | 97 |
IPOs in Deep Tech in Europe
In the year 2026, till July 2026, 3 IPOs happened in Deep Tech sector in Europe.
Here are some recent, important IPOs in Deep Tech sector in Europe:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jul 03, 2026 | Helsinki Exchange (HEL) | |
Jul 02, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Feb 16, 2026 | Euronext Exchange (Euronext) | |
Dec 01, 2025 | Aquis Stock Exchange (AQSE) | |
Nov 20, 2025 | Euronext Exchange (Euronext) |
Colleges which produce the most Deep Tech companies in Europe
Companies founded by alumni from top colleges in the Deep Tech in Europe
Most number of Deep Tech startups in Europe have been founded by alumni from University of Cambridge, University of Oxford and Imperial College London.
College | No. of companies |
|---|---|
University of Cambridge | 214 |
University of Oxford | 135 |
Imperial College London | 133 |
University College London | 68 |
Massachusetts Institute of Technology | 54 |
INSEAD | 50 |
Technical University of Munich | 50 |
HEC Paris | 44 |
University of Edinburgh | 42 |
University of Manchester | 40 |
Total funding in Deep Tech companies founded by alumni from top colleges in Europe
In the last 10 years, University of Cambridge graduates' Deep Tech companies in Europe have raised the most funding among top colleges. University of Oxford alumni are second, and Stanford University alumni are third.
College | Total Funding |
|---|---|
University of Cambridge | $12.5B |
University of Oxford | $6.62B |
Stanford University | $5.96B |
Imperial College London | $4.69B |
Carnegie Mellon University | $4.17B |
University College London | $3.5B |
INSEAD | $3.28B |
Massachusetts Institute of Technology | $2.86B |
Harvard University | $2.58B |
Technical University of Munich | $2.54B |
Top News in Deep Tech in Europe
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EdgeConneX Recognized for Global AI High-Density Infrastructure Innovation LeadershipPR Newswire•Jul 30, 2026•EdgeConneX
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Boskalis' New Subsea Rock Installation Vessel Starts Work on Polish Offshore Wind ProjectOffshore Energy•Jul 30, 2026•Boskalis
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Garrett Motion Reports Strong Second Quarter 2026 Results, Increases 2026 OutlookGlobeNewswire•Jul 29, 2026•Garrett Motion
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Synapticon and Stabilus Forge Partnership for Integrated Actuators in Humanoid RobotsRoboticstomorrow•Jul 29, 2026•Stabilus, Synapticon
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Garrett Motion Appoints Dave Crompton to Board of DirectorsGlobeNewswire•Jul 28, 2026•Garrett Motion
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Intelligent Energy Introduces Hydrogen UAV Technology to China's Low-Altitude EconomyHydrogen Central•Jul 23, 2026•Intelligent Energy
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Wärtsilä completes delivery of 1,038 Quantum units to 1,400MWh Wooreen BESS in AustraliaEnergy-Storage•Jul 22, 2026•Wartsila
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Wartsila Records Record Orders of 2.85 Billion Euros in Second QuarterTeleborsa•Jul 21, 2026•Wartsila
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