100+ European Deep Tech startups that raised funding in 2019

Deep Tech investment continues to gain steam in Europe. In 2018, over €8 billion was invested in European startups with a Deep Tech edge. Since the start of 2019, over 100 seed & early growth European Deep Tech startups have already been backed by VCs. We’ve selected some of these Deep Tech startups from the full data table you can access below.

First, let’s quickly define ‘deep tech’.

What are deep tech startups?

Deep Tech is a subjective term, but useful and frequently requested, in order to group companies that use cutting-edge technologies to solve complex problems. Examples include, but are not limited to: artificial intelligence, life sciences, chemistry, green energy, robotics, autonomous driving & delivery, space-flight, aviation, computer vision, speech recognition and AR/VR. We dive into Deep Tech further in our recent report with Tech Nation that highlights the UK’s leading position within Europe when it comes to Artificial Intelligence.

Deep tech startups by total funding

In the Dealroom SaaS platform, we’ve created a query to filter VC backed with an HQ location in Europe and the ‘deep tech’ tag. We’re only looking at seed and early growth startups that raised their last funding round in 2019. For this selection, we’ve sorted the table by total funding amount.

#1 OpenGamma

OpenGamma creates a derivates analytics platform, that helps its users (banks, pension funds, hedge funds and asset managers) make decisions to drive down trading costs.

Total funding: €43.1 m
Most recent funding round: $10.0 m SERIES E

#2 Exscientia Limited

Exscientia Limited uses AI driven systems to automate discovery and design of new drugs – generating candidates in less time compared to traditional approaches

Total funding: €38.0 m
Most recent funding round: €23.0 m SERIES B

#3 Novelda

Novelda develops their advanced Xethru sensor technology to capture the smallest human movements and respiration without skin contact.

Total funding: €35.5 m
Most recent funding round: $15.0 m GROWTH EQUITY

#4 Tibber

Tibber develops a mobile application to help its users lower their energy consumption by smart analyses that calculate how much energy your home needs.

Total funding: €26.8 m
Most recent funding round: SEK 110 m LATE VC

#5 eSmart Systems

eSmart Systems builds a SaaS platform using big data and AI to enable the energy industry and smart communities with actionable insights.

Total funding: €24.2 m
Most recent funding round: NOK 120 m EARLY VC

#6 GeoSpock

GeoSpock creates a spatial big data / machine learning platform for its users to visualise their data and extract hidden insights from it.

Total funding: €22.9 m
Most recent funding round: £10.0 m EARLY VC

#7 Aire

Aire uses AI to provide better credit scoring of consumers that apply for a credit or loan – offering a second chance when a customer doesn’t meet the requirements of a traditional credit bureau.

Total funding: €22.7 m
Most recent funding round: £8.4 m EARLY VC

#8 Nivaura

Nivaura builds smart software to bring modern digital services to the traditional capital markets, for the formation, performance and enforcement of financial instruments.

Total funding: €17.5 m
Most recent funding round: €17.5 m SEED

100+ deep tech startups that raised funding in 2019

Find out which are the European deep tech startups attracting investment.