Dutch-based DeepTechXL secures €110M to “support the most promising deeptech startups”
Summary
In addition, the fund also saw support from Brabant Development Company (BOM), TNO, Invest-NL, Philips, Oost-NL, Technical University of Twente, Netherlands Enterprise Agency, and undisclosed Dutch families. By intensively mobilising capital, national and international talent, unique knowledge, skills and networks, we can accelerate promising startups into world-class players.” How will the funds be utilised? In a LinkedIn post, the fund says, “At DeeptechXL our mission is clear: harness the power of cutting-edge technology to address pressing global issues and drive positive change.” “From healthcare advancements to environmental sustainability initiatives, we are committed to investing in groundbreaking startups that have the potential to revolutionise industries and improve lives.” Founded in 2013 by Guus Frericks, HighTechXL aimed to build the best deep-tech venture-builder and ecosystem in Northwestern Europe. With Founding Partners like ASML, Philips, BOM, TNO, and High Tech Campus Eindhoven, along with a broad network of research institutes and industry experts, HighTechXL claims to have been successful in accelerating deep-tech ventures. Leveraging skills and networks of tech corporations, knowledge institutes, and regional and national impact investors, DeepTechXL offers companies access to resources, technologies, licenses, supply chain partners, and co-investors.