Quantum

EIC Scaling Club Reports €4 Billion Raised, Including Major Quantum and AI Round

Read full article at source ↗

Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 04/11/2026, 15:49:25 UTC.

Briefings

A new report states that European deep tech scale-ups raised over €4 billion since joining the EIC Scaling Club, with Spain's Multiverse Computing securing the largest single round of €500 million. The analysis shows investment growth was 2.3 times faster than comparable businesses, and 80% of funding came from EIC or public co-investors. Nine investment rounds exceeded €100 million, with nine of those involving the EIC. The report covers 120 companies across 26 European countries and was published on November 4, 2026.

Key points

• European deep tech scale-ups raised over €4 billion since joining the EIC Scaling Club, with Spain's Multiverse Computing securing the largest single round of €500 million.
• Investment growth was 2.3 times faster than comparable businesses, and 80% of funding came from EIC or public co-investors.

Context

The EIC Scaling Club is an EIC-funded initiative for promising European deep tech scale-ups, launched in April 2024 with the second cohort in October 2024. It analyzes the funding performance of 120 companies across 26 European countries to demonstrate Europe's deep tech ecosystem potential.

Limitations

The report covers only 120 companies across 26 European countries and does not include data on pre-joining funding for all participating companies. The analysis relies on a single press release and does not include independent verification of the €4 billion total or the 2.3x growth rate.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 04/11/2026, 16:46:15 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

View archived briefing on IPFS
bafybeieuejyiktonwhx7ump4hpjhnr3a2p37kchq7zpirfl6liv7vzjiu4