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

Insider Brief

• EIC Scaling Club companies, including quantum and AI businesses, have raised more than €4 billion since joining, increasing their funding 2.3 times faster than comparable businesses relative to their pre-joining totals.
• Spain’s Multiverse Computing, a quantum and AI company, secured €500 million, the largest of the funding rounds highlighted in the report.
• Next-Gen Computing attracted €1.32 billion, while approximately 80% of all funding came from rounds involving the EIC or another public co-investor.
• Photo by Alexey Larionov on Unsplash

PRESS RELEASE — European deep tech scale-ups have raised more than €4 billion since joining the EIC Scaling Club, an EIC-funded initiative for promising European deep tech scale-ups, growing their funding 2.3 times faster than comparable businesses relative to their pre-joining funding, according to a new report. These technologies will play a pivotal role in strengthening Europe’s competitiveness, resilience and technological sovereignty, while demonstrating that the continent’s next generation of technology leaders is emerging far beyond its traditional innovation hubs.

The analysis reveals that investment is increasingly concentrated in technologies considered critical to Europe’s future competitiveness, resilience, and technological sovereignty. Companies in New Space and Next-Gen Computing attracted the largest volumes of funding, securing €1.34 billion and €1.32 billion respectively, followed by Renewable Energies with €589 million. Together, these sectors accounted for approximately 80% of total funding raised.