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Dear Community Member, 

We hope it's been a productive week for you so far.

As far as we're concerned, we feel very energised as we set out to build a vibrant, exclusive and - especially - helpful community for Europe's top deep tech entrepreneurs, investors and corporate innovators to come (and grow) together.

This monthly EIC Scaling Club newsletter will serve to keep you updated on our activities, members, events and more, but also as a way for you to stay updated on the broader European deep tech sector with interviews, podcasts, data-driven insights and reports, industry news and must-read articles.

We hope this will prove useful to you, and welcome any feedback you may have on how we could improve and deliver more value to you and/or your organisation.

Kind regards,

The EIC Scaling Club team

Recent news and insights from the EIC Scaling Club team

Now that the EIC Scaling Club website is up and running, we are ready to roll. 

Find out more about who and what is behind the EIC Scaling Club, and how you can help us make a meaningful impact on the world with Europe’s deep tech prowess.

We will diligently keep you in the loop of how things progress.

A warm welcome to some of our early members

We're delighted that so many companies and investors have already placed their trust in us and joined the EIC Scaling Club!

We are looking forward to welcoming many more of you as we gear up to build a curated, high-level community of deep tech innovators to reach the next level.

A small selection of early members:

The EIC Scaling Club team touched base with Svilen Rangelov, co-founder and chief executive officer of Bulgarian deep tech company Dronamics, which is building the world's first cargo drone airline.

In 2022, Dronamics was awarded a €2.5 million grant by the European Commission under the EIC Accelerator program, and secured a license to operate in Europe.

The deep tech scale-up went on to raise $40 million in pre-Series A funding in early 2023, and got to celebrate its maiden flight later that year.

Enjoy the interview, which you can also find on our YouTube channel - and subscribe because more are coming soon!

Mark your calendars for 9 and 10 April 2024, when the EIC Scaling Club will be bringing the cream of the crop of Europe’s deep tech sector together in Belgium!

Recent news and insights from

across the European deep tech industry

• Estonian-founded fast energy storage firm Skeleton Technologies raised a €108 million equity and debt funding round from Siemens and others
• One ‘STEP’ forward: Legislators approve new EU tech fund
• Europe's largest Japanese-backed VC, NordicNinja, launched its second fund at €200 million
• Copenhagen Infrastructure Partners closed two new funds at a combined €2 billion to plow money into producing clean fuels and financing renewables projects
• German-French consortium is to build the EU’s first exascale supercomputer
• French billionaire Xavier Niel will invest €200 million in artificial intelligence
• Breega is debuting a €150 million 'Europe Seed III' fund to boost early-stage startups
• Deep tech investor (and EIC Scaling Club member) Jolt Capital has reopened its fund to add $106 million
• Edinburgh will host a next-generation supercomputer in push for AI safety
• Things don't always work out: Electric truck maker Volta Trucks has decided to file for bankruptcy proceedings in Sweden
• HCVC raised $75 million for its second fund, aims to do 10 ‘hardtech’ deals per year
• Vireo Ventures secured over $20 million from the EU for its climate tech fund

Must reads: our curated selection of stories

• These are the key technologies the EU wants to safeguard from China
• European deeptech’s fastest-growing teams
• "Space Week ought to be every week"
• The New European Innovation Agenda is picking up pace
• "VCs, stop wasting your money on AI chatbots and invest in deeptech instead"
• Which deeptech startups could be next to reach unicorn status?
• 74% of European Startups Want to Implement AI in the Future
• How can Europe move deeptech talent out of the lab?
• How Europe’s start-up ecosystems can learn from each other to ignite and scale up entrepreneurship
• ‘Promising dynamics’ boosting Europe defence tech but role models still needed
• A European Critical Raw Materials Strategy fit for Cleantech Competitiveness

For your calendar

Worth a look!

These European deep tech startups are making waves

• Climeworks battles Big Oil for the $1 trillion future of carbon cleanup
• French startup bags €40 million for unique CO2 battery recycling tech
• Google has invested in British driverless car company Oxa
• Deta wants to reinvent personal computers with a new cloud OS
• A partnership between PASQAL, Pixel Photonics and others has successfully won a grant from EIC Pathfinder to build the essential foundations for a quantum computer powered by neutral atom technology
• Italian generative AI startup Aindo has raised a €6 million Series A round
• Carbon Equity raised €6 million to make climate venture capital accessible
• Spain’s PLD Space launches private rocket in milestone for Europe
• How a Polish startup is bringing AI to one of world's biggest construction sites
• Stockholm's Cloover secures €7 million for renewable energy fintech solutions
• Novo receives a €1 million boost to accelerate building decarbonisation
• Sensika Technologies Secures Fresh Investment as It Gears up for IPO

That’s for this month!

Do let us know how we can improve this newsletter in future editions.

Make sure to follow us on social media to stay updated on all things European deep tech as we get busy building a vibrant EIC Scaling Club.

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