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European Deep Tech Startups Surge, But Funding Lags

1/6/2026

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Summary

Story summary

European universities and research labs drive deep tech startups valued at $398 billion, with 76 companies valued at $1 billion+ per Dealroom’s 2025 report.
New funds PSV Hafnium and U2V are emerging to back spinouts, especially in Nordic regions.
Deep tech and life sciences spinouts are projected to raise $9.1 billion in 2025, but growth capital remains scarce, with half of late-stage funding from outside Europe, mainly the United States.

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Story summary

European universities and research labs drive deep tech startups valued at $398 billion, with 76 companies valued at $1 billion+ per Dealroom’s 2025 report.
New funds PSV Hafnium and U2V are emerging to back spinouts, especially in Nordic regions.
Deep tech and life sciences spinouts are projected to raise $9.1 billion in 2025, but growth capital remains scarce, with half of late-stage funding from outside Europe, mainly the United States.