European deep tech saw continued activity despite a slower week, with notable infrastructure investments and fund announcements. The launch of the €225M Baltic Innovation Fund 3 and significant rounds in space, drones, and medtech demonstrated sustained momentum, while new EU data revealed ongoing challenges around gender investment gaps in the sector.
Policy & ecosystem
- EIF & Baltic States launch €225M Baltic Innovation Fund 3 [ESTVCA]
- EIC selects 40 new Transition projects to bring research results closer to market [EIC]
- New EU study and data dashboard reveal the scale and structure of Europe’s gender investment gap in deep tech [Euractiv]
Space tech
- Paris satellite operator Eutelsat secures French-backed €975M for LEO expansion [Tech Funding News]
- Deep Space Energy secures €350,000 in investment [Labs of Latvia]
Semiconductors
- INLEAP Photonics secures pre-seed funding to develop laser-based counter-drone system for defence and critical infrastructure [Press release]
Drones & robotics
- Quantum Systems continues its expansion amid rising European drone competition, secures €150M financing package [EU-Startups]
- OpenAI and Hugging Face angels back “highest-ever” Hungarian pre-seed funding round [Tech.eu]
- Trener Robotics secures €26M to expand industrial AI automation [EU-Startups]
Biotech & medtech
- Chronic rhinitis solution NEUROMARK secures €62.5M as Irish startup Neurent Medical closes Series C [EU-Startups]
- Aerska secures $39M funding in Series A round [Startup Rise]
Climate, energy & industrial tech
- Barcelona’s WtEnergy raises €10M to drive energy recovery of industrial waste and biomass [EU-Startups]
- Ore Energy pilots 100-hour iron-air BESS at EDF lab in France [Energy Storage News]
