TLDR:
- Dutch-based DeepTechXL has secured €110M to support promising deeptech startups.
- The fund has received contributions from ASML, pension fund PME, and various Dutch organizations.
Dutch-based venture capital fund, DeepTechXL, has successfully closed its DeepTechXL Fund I after raising €110M, surpassing its initial target of €100M. The fund received contributions from ASML, pension fund PME, Brabant Development Company (BOM), TNO, Invest-NL, Philips, Oost-NL, Technical University of Twente, Netherlands Enterprise Agency, and undisclosed Dutch families. Individual contributions from these parties remain undisclosed. This marks the first funding round for DeepTechXL, located at the High Tech Campus Eindhoven.
According to Peter Wennink, CEO of ASML, DeepTechXL is not just an investment fund but a collaboration between various actors in the Dutch deep tech ecosystem. The fund aims to accelerate promising startups into world-class players by mobilizing capital, national and international talent, knowledge, skills, and networks.
The funds will be utilized to identify and support the most promising deeptech startups working on solutions in healthcare, energy transition, cybersecurity, agriculture, and water technology. Since its inception in 2022, DeepTechXL has already invested in eight startups, including SuperLight Photonics, focusing on advanced technologies like photonics, mechanical engineering, semiconductors, and quantum computing.
Founded in 2013 by Guus Frericks, HighTechXL aimed to build the best deep-tech venture-builder and ecosystem in Northwestern Europe. DeepTechXL, launched in 2022 by Guus Frericks and founding partners, is focused on bolstering the Dutch deep-tech ecosystem by offering companies access to resources, technologies, licenses, supply chain partners, and co-investors to accelerate innovation in various industries.
