- Elaia and partners launch DTS3, a doubled-size deep tech fund, emphasizing European dynamism.
- The fund aims to invest in 40 B2B deep tech startups initially, with follow-on funding for 25 to 30.
- Focus areas include computing, industry, and life sciences, with a broad scope covering AI, quantum, cybersecurity, and more.
- DTS3 aligns with the emerging concept of European dynamism, fostering collaboration and investment in the region.
- Initiatives like the European Dynamism 50 report and tech tour aim to showcase European innovation to global investors.
- Elaia’s involvement as French ambassador highlights their commitment to promoting European tech prowess.
Main AI News:
As the momentum of European dynamism continues to build, Elaia and partners intensify their commitment with the launch of a new deep tech fund.
Elaia’s strategic move to establish DTS3 reflects the burgeoning landscape of deep tech innovation across Europe. Anne-Sophie Carrese, a managing partner at the French VC firm, highlighted, “It is double the size of the two previous funds,” underscoring the scale and ambition behind this initiative. With an initial closing at €60 million and set to reach €120 million upon completion of fundraising by early 2025, DTS3 signifies a significant leap forward. The fund has already earmarked the first three startups to join its portfolio, showcasing a proactive approach to investment.
What sets Elaia apart is its robust network, which has been built over nearly two decades of operation. Leveraging relationships cultivated with research institutions over the years has proven to be a vital asset, ensuring a consistent stream of promising opportunities. This strategic advantage has facilitated investments in notable companies such as Aqemia, Alice&Bob, and Mablink Bioscience, with successful outcomes like the latter’s acquisition by Eli Lilly.
The decision to expand the fund’s size aligns with Elaia’s objective of increasing deal flow and supporting the growth of its most promising investments. Carrese articulated the fund’s goal of providing initial funding to approximately 40 emerging B2B deep tech startups, with plans to follow up on 25 to 30 of them as they progress towards the seed stage. DTS3’s investment focus spans computing, industry, and life sciences, encompassing diverse fields such as AI, quantum technology, cybersecurity, and biotechnology.
Moreover, DTS3 reflects a broader vision for the future of the industry, encompassing pivotal sectors like energy, climate technology, and new materials. Carrese emphasized the fund’s multi-sector approach, supported by a team of investors with expertise across various domains. While the fund primarily targets EU-based startups, it remains open to opportunities worldwide, with a particular focus on Spain and Germany, where Elaia has been actively engaged.
The launch of DTS3 underscores a growing narrative around European dynamism, a concept gaining traction as a counterpoint to the renowned “American dynamism.” Spearheaded by individuals like Kyle O’Brien, European dynamism aims to galvanize attention and investment towards the region’s burgeoning tech ecosystem. Initiatives like the European Dynamism 50 report and tech tour serve as catalysts for fostering collaboration and showcasing European innovation on a global stage.
Elaia’s involvement as the French ambassador for the tech tour exemplifies its commitment to promoting European dynamism. The tour, slated to visit prominent institutions and companies across four countries, aims to attract American investors and spotlight Europe’s technological prowess. Additionally, the European Dynamism 50 report provides a curated glimpse into the continent’s deep tech landscape, featuring Elaia’s portfolio companies prominently among France’s top innovators.
Conclusion:
The launch of DTS3 by Elaia & Partners signifies a significant milestone in Europe’s deep tech landscape, underscoring the region’s growing prominence in global innovation. With a focus on fostering collaboration, attracting investment, and showcasing European dynamism, initiatives like DTS3 and the European Dynamism 50 report are poised to fuel further growth and cement Europe’s position as a leading hub for deep tech innovation. This signals a promising outlook for the market, as increased investment and collaboration are expected to drive continued advancements and opportunities in the deep tech sector.
