European deep tech closed out 2025 with strong momentum as year-end deals continued to materialize. Fund closures, facility investments, and significant funding rounds across biotech, energy, and semiconductors demonstrated sustained investor appetite despite the holiday period.
Heads up: we’re off next week. Happy holidays to you and yours and see you in 2026!
Policy & ecosystem
- Sweeping changes to EIC board as it prepares future expansion [Science|Business]
- Kibo Ventures’ €150M fund targets 25 deeptech deals across Europe [TFN]
- PSV Hafnium hits €60M close for DTU spinouts in AI and cleantech [TFN]
- Cloudberry closes €30M fund to tackle Europe’s chip bottleneck [Sifted]
Quantum & frontier tech
- QuantumDiamonds invests over €150M for quantum chip inspection facility [Tech.eu]
Spacetech
- Destinus raises €50M facility to expand autonomous flight production [Tech.eu]
Semiconductors
- Enlightra exits stealth with $15M to power energy-efficient AI data centre lasers [Tech.eu]
Biotech & medtech
- FoRx Therapeutics closes €42M for next-generation DNA repair cancer therapy [EU-Startups]
- TargED raises €21.5M Series A extension to advance targeted treatments for thrombotic diseases [EU-Startups]
- T-CURX secures €17.7M to support development of new cancer treatments [EU-Startups]
- EvodiaBio raises €6M to scale fermentation-based flavour technology [EU-Startups]
- ÄIO wins €1.2M grant to scale fermentation-based flavoured fats for food [Tech.eu]
- Mycelium breakthrough shows there’s mush-room to grow in greener manufacturing [The European]
Climate, energy & industrial tech
- Swedish Blykalla raises $50M to push lead-cooled reactor toward deployment [Arctic Startup]
- Italy-based startup Limenet raises €7M funding [Startup Rise]
- NobodyWho raises €2M to challenge Big Tech’s cloud AI with SLMs for local devices [Tech.eu]
