About Deep Tech sector in Europe
The Deep Tech sector in Europe comprises 33.1K companies, including 9.61K funded companies having collectively raised $234B in venture capital money and private equity. Out of these, 3.81K are Series A+ funded, and 69 have achieved unicorn status.
Deep Tech sector in Europe has seen 1.58K acquisitions and 547 IPOs. This represents almost 6.4% of all such companies - which is higher than the 3.8% 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 33,094 Deep Tech startups in Europe which include Ledger, Hugging Face, Mistral AI, Quantum Systems, Vay. Out of these, 9,609 startups are funded, with 3,808 having secured Series A+ funding, and 69 achieving unicorn status.
2026 has seen the creation of 858 Deep Tech startups in Europe. Over the past 10 years, an average of 1,639 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge, Imperial College London and University of Oxford.
Here is the list of top Deep Tech startups in Europe
1. 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
2. Hugging Face
Platform offering collaborative tools for sharing and deploying machine learning models. It provides a centralized hub where users can access a vast collection of pre-trained models and datasets across various domains. The platform supports the creation and hosting of interactive machine learning applications, enabling developers and researchers to showcase their work and facilitate community engagement.
Key facts about Hugging Face
- Founded Year: 2016
- Location: Paris (France)
- Stage: Acquired
- Total Funding till date: $400M
- Investors: Lux Capital, Salesforce and 35 Others
- Latest Funding Round: Series D, Aug 22, 2023, $*****
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 1 of 294 Competitors
3. 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 D
- Total Funding till date: $6.54B
- Investors: Lightspeed Venture Partners, ASML and 64 Others
- Latest Funding Round: Series D, Sep 08, 2026, $*****
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 3 of 192 Competitors
AI-powered aerial intelligence and reconnaissance systems. It develops autonomous drone platforms and supporting software that enable real-time aerial intelligence, high-precision mapping, and situational awareness in complex operational environments. It focuses on integrating hardware and AI-based analytics to deliver actionable insights for military and security forces, including battlefield reconnaissance, border monitoring, and tactical decision support. Its systems are designed for rapid deployment, autonomous operation, and interoperability within modern defense ecosystems.
Key facts about Quantum Systems
- Founded Year: 2015
- Location: Gilching (Germany)
- Stage: Series D
- Total Funding till date: $1.82B
- Investors: Balderton Capital, Notion Capital and 38 Others
- Latest Funding Round: Series D, Jul 02, 2026, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 1,434 Competitors
5. Vay
Platform focused on remote-driven mobility and transportation technology. It develops systems that allow vehicles to be operated remotely, enabling new models of transport and fleet operations. The platform supports safer, more flexible mobility by combining connectivity, sensing, and real-time control.
Key facts about Vay
Companies founded year-on-year in the Deep Tech sector in Europe
858 new startups have been founded so far in 2026 in the Deep Tech sector in Europe. 2,319 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 | 858 |
2025 | 1,131 |
2024 | 1,094 |
2023 | 1,296 |
2022 | 1,548 |
2021 | 1,837 |
2020 | 1,975 |
2019 | 2,176 |
2018 | 2,319 |
2017 | 2,159 |
Stage-wise distribution of Deep Tech sector companies in Europe
Out of the total 33,094 Deep Tech companies in Europe, 9,609 have secured funding. Among them, 3,808 have reached Series A or higher, and 2,758 to Series B or beyond.
Founded - 33,094
Funded - 9,609
Series A+ - 3,808
Series B+ - 2,758
Series C+ - 2,410
Company Stage | No. of companies |
|---|---|
Founded | 33,094 |
Funded | 9,609 |
Series A+ | 3,808 |
Series B+ | 2,758 |
Series C+ | 2,410 |
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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 $210B in the last 10 years. The most amount of funding has been in 2026 at more than $51.3B till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $51.3B |
2025 | $23.7B |
2024 | $29.3B |
2023 | $20.2B |
2022 | $20.6B |
2021 | $24.7B |
2020 | $12.8B |
2019 | $15.4B |
2018 | $7.27B |
2017 | $5.09B |
Recent Funding Rounds in Deep Tech in Europe
In the year 2026, till October 2026, Deep Tech companies in Europe have raised $37.8B in equity funding across 523 rounds.
In the same period last year (i.e. till October 2025), Deep Tech companies in Europe had raised $15.8B across 651 rounds.
So, 2026 has seen a 139.47% 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 C | 2909 | Oct 30, 2026 | - | |
Seed | 2489 | Oct 29, 2026 | - | |
Seed | 1482 | Oct 27, 2026 | ||
Seed | 2614 | Oct 26, 2026 | - | |
Series A | 7272 | Oct 22, 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) | ||
Menlo Park (United States) |
M&A activity in Deep Tech sector in Europe
In the year 2026, till October 2026, 100 acquisitions happened in Deep Tech sector in Europe. Last year, in 2025, a total of 148 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 | Oct 23, 2026 | ||
Business Acquisition | Oct 21, 2026 | ||
Business Acquisition | Oct 19, 2026 | ||
Business Acquisition | Oct 19, 2026 | ||
Business Acquisition | Oct 19, 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 | 100 |
2025 | 148 |
2024 | 132 |
2023 | 160 |
2022 | 193 |
2021 | 174 |
2020 | 114 |
2019 | 106 |
2018 | 103 |
2017 | 96 |
IPOs in Deep Tech in Europe
In the year 2026, till October 2026, 9 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 |
|---|---|---|
Oct 13, 2026 | Helsinki Exchange (HEL) | |
Oct 02, 2026 | Helsinki Exchange (HEL) | |
Sep 30, 2026 | Stockholm Stock Exchange (STO) | |
Sep 22, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Sep 08, 2026 | Euronext Exchange (Euronext) |
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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, Imperial College London and University of Oxford.
College | No. of companies |
|---|---|
University of Cambridge | 256 |
Imperial College London | 172 |
University of Oxford | 157 |
Technical University of Munich | 88 |
University College London | 84 |
Massachusetts Institute of Technology | 73 |
INSEAD | 61 |
HEC Paris | 59 |
Stanford University | 51 |
University of Manchester | 45 |
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 | $13.6B |
University of Oxford | $8.12B |
Stanford University | $5.66B |
Imperial College London | $5.43B |
HEC Paris | $4.92B |
London Business School (LBS) | $4.26B |
University College London | $3.77B |
INSEAD | $3.68B |
Technical University of Munich | $3.09B |
Massachusetts Institute of Technology | $2.94B |
Top News in Deep Tech in Europe
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BARVL partners with France's XtreeE to launch robotic 3D construction printing in IndiaBusinessFortNight•Oct 29, 2026•XtreeE
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ENERZAi Expands Broadcom Partnership with On-Device AI DemosAiThority•Oct 28, 2026•Sagemcom, Broadcom, ENERZAi, Kaon
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Cloudera Launches Blueprints to Facilitate AI Production DeploymentChannelLife•Oct 28, 2026•Cloudera, Mistral AI
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Raw Charging Opens Dudley's Largest Rapid EV Hub with Free Charging OfferFleetworld•Oct 26, 2026•RAW Charging
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