Using the Sifted database and Dealroom, our Intelligence team has compiled a list of Europe's top 100 deeptech startups and scaleups to watch in 2023. The following methodology was used to identify the most promising ventures within the European deeptech sector.
Criteria for selection: European HQ; launched from 2015 onwards; raised $30m+ in funding; maximum valuation of $999m (i.e. excl. unicorns); private and independent (i.e. not acquired).
Companies were then evaluated by the strength of their management team and investors; market opportunity and competition; and, the quality of their product and technology, marketing and distribution channels, and strategic partnerships.
Stockholm, Sweden
2020
-
-
€355.4m
Ottobrunn, Germany
2018
Series C
€150m
€320.7m
Espoo, Finland
2015
Series D
€123.6m
€274.3m
Cambridge, United Kingdom
2021
Growth Equity VC
€22.7m
€268.2m
Espoo, Finland
2018
Late VC
€128m
€220.5m
Oslo, Norway
2020
Convertible
€62.4m
€191.8m
London, United Kingdom
2018
Late VC
€72.7m
€167.9m
Oxford, United Kingdom
2016
Series C
€83m
€141.2m
Paris, France
2018
Series B
€109.1m
€127.9m
Palaiseau, France
2019
Series B
€100m
€127.5m
Helsinki, Finland
2016
Growth Equity VC
€3m
€123.3m
Grenoble, France
2015
Series C
-
€120.7m
London, United Kingdom
2016
-
-
€117.3m
Forres, United Kingdom
2015
Series C
€48.5m
€115.8m
Dresden, Germany
2017
Series C
€76.4m
€111m
Munich, Germany
2016
Series C
€68.2m
€109.8m
Munich, Germany
2021
Series A
€102.5m
€102.5m
Maisons-Laffitte, France
2019
Convertible
€25m
€101.2m
Grenoble, France
2020
-
€250m
€100m
Berlin, Germany
2018
Series B
€86.4m
€98.7m
London, United Kingdom
2017
Series A
€90.9m
€95.9m
Oxford, United Kingdom
2016
Series B
€68.2m
€95.1m
Maastricht, Netherlands
2016
Angel
-
€91.8m
Milton Keynes, United Kingdom
2018
Series C
€45.5m
€90.9m
London, United Kingdom
2021
Early VC
€90.9m
€90.9m
Duisburg, Germany
2019
Series A
€87m
€87m
Paris, France
2019
Early VC
€50.4m
€83.7m
Cambridge, United Kingdom
2020
Grant
-
€81.7m
Pessac, France
2018
Grant
€3.5m
€78.1m
Somersham, United Kingdom
2017
Grant
€600k
€77.6m
London, United Kingdom
2021
Early VC
€18.2m
€75.1m
Stockholm, Sweden
2016
Series B
€25.4m
€75.1m
London, United Kingdom
2016
Series B
€63.6m
€70.9m
Helsinki, Finland
2017
Grant
€34m
€69.1m
Massy, France
2015
Series B
€52.7m
€67.5m
Zurich, Switzerland
2016
Series B
€45.5m
€65.7m
Munich, Germany
2018
Grant
€2.2m
€64.9m
London, United Kingdom
2017
Series B
€54.5m
€64.1m
Marseille, France
2016
Series B
€36m
€63.8m
London, United Kingdom
2017
Series B
€36.4m
€62.2m
United Kingdom
2020
-
€61.6m
€61.6m
Amsterdam, Netherlands
2019
Series B
€45.5m
€61.5m
Düsseldorf, Germany
2016
Series B
€13.6m
€61.1m
Weiterstadt, Germany
2017
Debt
€40m
€60.1m
Oxford, United Kingdom
2017
Series B
-
€60m
London, United Kingdom
2015
Series B
€49.1m
€59m
London, United Kingdom
2017
Series B
€43.3m
€57.5m
Paris, France
2019
Series A
€48m
€57.3m
London, United Kingdom
2015
Late VC
€20.9m
€57.1m
Delft, Netherlands
2018
Series A
€42.7m
€57.1m
Eindhoven, Netherlands
2021
Series A
€20.9m
€56.4m
London, United Kingdom
2015
Series B
€40.9m
€55.8m
London, United Kingdom
2015
Series B
€34.5m
€53.3m
Payerne, Switzerland
2021
Grant
€26.7m
€53.1m
Mont-Saint-Guibert, Belgium
2018
Series B
€40m
€51m
Siegen, Germany
2020
Seed
€50m
€50m
London, United Kingdom
2017
Series A
€40.9m
€46m
Toulouse, France
2021
Seed
€45.5m
€45.5m
Gilching, Germany
2021
Series A
€40m
€45.3m
Paris, France
2016
Series A
€18.2m
€44.7m
London, United Kingdom
2015
Series B
€36.4m
€44.4m
London, United Kingdom
2017
Series A
€35m
€43.3m
Wysall, United Kingdom
2019
Growth Equity VC
€43.2m
€43.2m
Paris, France
2019
Early VC
€22m
€42.6m
Paris, France
2020
Series A
€34m
€42.6m
Montpellier, France
2017
Late VC
€40m
€42m
Paris, France
2018
Series B
€15m
€40.6m
Cambridge, United Kingdom
2017
Series B
€18m
€40.1m
London, United Kingdom
2018
Series A
€30m
€39.1m
Munich, Germany
2017
Debt
€13.7m
€39.1m
London, United Kingdom
2016
Series A
€14.3m
€38.9m
London, United Kingdom
2020
Support Program
-
€36.7m
Göteborgs Stad, Sweden
2018
Series A
€31.8m
€36.2m
Oxford, United Kingdom
2019
Series A
€27.3m
€36.1m
Begbroke, United Kingdom
2019
Series A
€36m
€36m
Cambridge, United Kingdom
2016
Late VC
€21.5m
€35.1m
Villeurbanne, France
2018
Series A
€31m
€35m
Munich, Germany
2019
Series A
€35m
€35m
Stockholm, Sweden
2015
Series C
€22.7m
€35m
Paris, France
2020
Series A
€27.3m
€32.8m
Chilworth, United Kingdom
2016
Series B
€25.8m
€32.8m
London, United Kingdom
2016
Series A
€27.3m
€32.7m
Marseille, France
2020
Series A
€27.5m
€32m
Paris, France
2019
Series A
€30m
€31.6m
London, United Kingdom
2016
Series B
€14m
€31.1m
Zurich, Switzerland
2016
-
-
€30.9m
Oslo, Norway
2015
Series A
€21.4m
€30.6m
London, United Kingdom
2017
Series A
€24.6m
€30.5m
Munich, Germany
2018
Series A
€25m
€30.4m
Oslo, Norway
2021
Series B
€23.6m
€29m
London, United Kingdom
2016
Series B
€9.4m
€29m
Budapest, Hungary
2015
Series A
€20m
€28.7m
London, United Kingdom
2020
Series B
€18.2m
€28.6m
Villebon-sur-Yvette, France
2019
Grant
€22m
€28.5m
Paris, France
2018
Series A
€22.7m
€28.4m
Heidelberg, Germany
2019
Series A
€23m
€28.3m
Vienna, Austria
2017
Series B
€22.7m
€28.1m
Warsaw, Poland
2017
Series A
€20m
€27.8m
Rennes, France
2015
Late VC
-
€27.5m
Dublin, Ireland
2019
Early VC
-
€27.4m