European deep tech saw major fund announcements totalling nearly €1B, as investors doubled down on energy efficiency, climate tech, and frontier hardware. The week also brought significant policy moves, with the EIB expanding support for tech champions and Europe inaugurating new semiconductor infrastructure to advance ultra-low-power chip capabilities.
Policy & ecosystem
- SpaceX, Palantir backers launch €750M Kembara deeptech fund [Tech Funding News]
- SlateVC closes €132M to back the next wave of energy efficiency and climate tech scale-ups [Tech Funding News]
- Constructor Capital closes $110M Fund I for science-first founders [Tech.eu]
- BII secures €25M in Novo Nordisk Foundation funding to target early-stage European biosolutions startups [EU-Startups]
- EIB Group to expand support for future European tech champions [Science|Business]
- Latvia’s most significant scientific achievements of 2025 identified [Labs of Latvia]
- DeepTech startups win big at sTARTUp Day 2026 pitching competition [Invest in Estonia]
Artificial intelligence
- ElevenLabs raises $500M, says building towards IPO [Tech.eu]
Space tech
- Morpheus Space lands $15M to supercharge electric propulsion for satellites [Tech Funding News]
Semiconductors
- Nanomaterials startup Chiral raises $12M seed to build the ‘next ASML’ [Sifted]
- Vexlum raises €10M to scale semiconductor laser manufacturing for quantum and space applications [EU-Startups]
- First university-designed 7-nanometer AI chip [TUM]
- FAMES pilot line inaugurated to advance ultra-low-power semiconductors in Europe [EC]
Biotech & medtech
- Dutch QT Sense lands €4M to track living cells in real time [Tech Funding News]
- German healthtech Gardia zips €8.5M to equip seniors with AI fall-detection wristbands [Tech Funding News]
Climate, energy & industrial tech
- German e-motor technology cuts energy losses by up to 70% as Additive Drives secures €25M [EU-Startups]
- R3 Robotics raises €20M to automate EV dismantling at scale [Tech.eu]
- Willo secures €2.9M to commercialise alignment-free wireless power [Tech.eu]
