Dutch Deeptech Fund DeepTechXL Secures €110M to Support Startups
March 18, 2024, 3:30 pm
Eindhoven-based DeepTechXL, a venture capital fund, has successfully closed its DeepTechXL Fund I, raising €110M from key contributors like ASML and pension fund PME. This funding round marks a significant milestone for the VC, situated at the High Tech Campus Eindhoven.
The fund has garnered support from various entities like Brabant Development Company (BOM), TNO, Invest-NL, Philips, Oost-NL, Technical University of Twente, Netherlands Enterprise Agency, and undisclosed Dutch families. These partnerships aim to accelerate promising startups in the Dutch deep tech ecosystem.
Peter Wennink, CEO of ASML, emphasizes the collaborative nature of DeeptechXL, stating that it goes beyond mere investment. By pooling resources and expertise, the fund aims to propel startups towards global success.
Managing partner Teska van Vuren highlights the fund's focus on supporting startups at the forefront of technology, addressing critical societal issues in healthcare, energy transition, cybersecurity, agriculture, and water technology. This strategic investment is poised to drive economic growth and job creation in the Netherlands.
Since its inception in 2022, DeepTechXL has invested in eight startups, including SuperLight Photonics, specializing in cutting-edge technologies like photonics, mechanical engineering, semiconductors, and quantum computing. The fund's mission is clear: to harness advanced technology for positive global impact.
Founded by Guus Frericks in 2013, HighTechXL has been instrumental in accelerating deep-tech ventures in Northwestern Europe. With key partners like ASML, Philips, BOM, TNO, and High Tech Campus Eindhoven, DeepTechXL leverages a robust network of industry experts and investors to drive innovation.
The successful fundraising round of €110M signifies a significant boost for Dutch deeptech startups, positioning them for growth and success in the competitive tech landscape. Through strategic investments and collaborative partnerships, DeepTechXL is poised to drive groundbreaking innovations and shape the future of technology in the Netherlands.
The fund has garnered support from various entities like Brabant Development Company (BOM), TNO, Invest-NL, Philips, Oost-NL, Technical University of Twente, Netherlands Enterprise Agency, and undisclosed Dutch families. These partnerships aim to accelerate promising startups in the Dutch deep tech ecosystem.
Peter Wennink, CEO of ASML, emphasizes the collaborative nature of DeeptechXL, stating that it goes beyond mere investment. By pooling resources and expertise, the fund aims to propel startups towards global success.
Managing partner Teska van Vuren highlights the fund's focus on supporting startups at the forefront of technology, addressing critical societal issues in healthcare, energy transition, cybersecurity, agriculture, and water technology. This strategic investment is poised to drive economic growth and job creation in the Netherlands.
Since its inception in 2022, DeepTechXL has invested in eight startups, including SuperLight Photonics, specializing in cutting-edge technologies like photonics, mechanical engineering, semiconductors, and quantum computing. The fund's mission is clear: to harness advanced technology for positive global impact.
Founded by Guus Frericks in 2013, HighTechXL has been instrumental in accelerating deep-tech ventures in Northwestern Europe. With key partners like ASML, Philips, BOM, TNO, and High Tech Campus Eindhoven, DeepTechXL leverages a robust network of industry experts and investors to drive innovation.
The successful fundraising round of €110M signifies a significant boost for Dutch deeptech startups, positioning them for growth and success in the competitive tech landscape. Through strategic investments and collaborative partnerships, DeepTechXL is poised to drive groundbreaking innovations and shape the future of technology in the Netherlands.