European deep tech is closing out the year with significant fund activity and continued deal flow across sectors. Despite the typical year-end slowdown, several major fund closures and meaningful rounds demonstrated sustained momentum heading into 2026.
Policy & ecosystem
- Índico Capital launches €125M fund III for Southern Europe deeptech, with €30M EIF anchor [TFN]
- Jolt Capital closes €600M first round for deeptech fund V, targeting €1.1B cap [TFN]
- Supporting deep tech start-ups led by women [EC]
- Politecnico di Milano and Université de Montpellier launch centre for complex materials [Science | Business]
- University of Minho surpasses 50 active spin-offs with PhotoUP and NeuroMech Systems [Portugal Startup News]
Quantum & frontier tech
- Finland’s QMill and Montréal’s ÉTS team up to accelerate quantum-algorithm research [Arctic Startup]
- Black Forest Labs secures $300M Series B at $3.25B valuation [Tech.eu]
Spacetech
- Bremen startup Marble Imaging bags €5.3M for hourly Earth observation sats [TFN]
Biotech & medtech
- Axoltis Pharma raises €18M to advance treatments for ALS, Alzheimer’s, and Parkinson’s [EU-Startups]
- Laigo Bio raises €11.5M to drive development of its SureTAC protein degradation platform [Startup Rise]
- Biotech scaleup NADMED launches $30K global award to advance innovation in cellular health [Tech.eu]
Climate, energy & industrial tech
- Spark Cleantech closes €30M for heavy industry decarbonisation [Tech.eu]
- AILOS Robotics gets €3.5M to scale gearbox manufacturing for Europe’s next-gen robots [Tech.eu]
- UCD spin-out Mirror Security secures €2.1M to advance FHE-based AI security in collaboration with Intel [EU-Startups]
