Product Reports Resources Pricing Login Book a demo

EIC Fund

Venture Capital · Founded 2020 · Luxembourg, Luxembourg

#488 Investor rankamong investors on Dealroom

The EIC Fund is the venture arm of the European Innovation Council, the European Union's innovation agency.

314 Portfolio companies+110% in 5 years
4 Unicorns
620 Investments
Jul 2026 Last investment
02 · Biggest holdings

EIC Fund’s biggest current holdings.

The most valuable companies EIC Fund still holds, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Dealroom has no parsed shareholder register for EIC Fund, so the size of each stake isn’t shown.

#CompanyValuation
  1. 1 Proxima FusionUnicorn · Energy · Germany $2.6B
  2. 2 Multiverse ComputingEnterprise Software · Spain $500M

Unicorns and thoroughbreds EIC Fund has backed and still holds, at Dealroom’s latest valuation. See the underlying shareholder registers on Dealroom →

03 · Portfolio analysis

Where EIC Fund’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 314 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

The portfolio is concentrated in France, Germany and the Netherlands. Health is the largest sector, ahead of energy and semiconductors. Nearly all recorded entries are at Series A or early VC.

By countryCount
  1. France60
  2. Germany35
  3. Netherlands34
  4. Spain26
  5. Israel22
  6. Finland20
  7. Sweden15
  8. Ireland13
  9. Norway13
  10. Italy12
  11. Switzerland12
  12. Belgium11
By sectorCount
  1. Health131
  2. Energy68
  3. Semiconductors50
  4. Enterprise Software27
  5. Transportation24
  6. Food21
  7. Engineering and Manufacturing Equipment18
  8. Robotics18
  9. Space14
  10. Real Estate7
  11. Telecom6
  12. Chemicals4
By stage enteredCount
  1. Series A289
  2. Seed9
  3. Series B+6
By growth stageCount
  1. Breakout Stage160
  2. Early Growth131
  3. Late Growth26
04 · Portfolio market map

Inside EIC Fund’s portfolio.

The 60 highest-funded portfolio companies, of 314 tracked.

Dealroom records the EIC Fund entering the overwhelming majority of its portfolio at Series A or early VC — the stage at which the EIC Accelerator's equity component is deployed — with single-digit numbers at seed and at Series B or later. Its highest-valued holdings are Proxima Fusion, Pasqal, IQM and Axelera AI.

Multiverse Computing
Enterprise Software
$501M
IQM
Semiconductors · Unicorn
$1.9B
Proxima Fusion
Energy · Unicorn
$2.6B
Pasqal
Semiconductors · Unicorn
$2.0B
Axelera AI
Semiconductors · Unicorn
$1.0B
Leyden Labs
Health
$176M
Aledia
Semiconductors
$650M
D-Orbit
Space
$550M
Quantware
Semiconductors
$669M
Classiq
Enterprise Software
$550M
Xeltis
Health
$90M
Heart Aerospace
Energy
$160M
EnduroSat
Space
$416M
Marvel Fusion
Energy
$220M
Alice & Bob
Semiconductors
$440M
SiPearl
Hosting
$402M
UroMems
Health
$240M
Arthex Biotech
Health
$325M
CorPower Ocean
Energy
$176M
TargED
Health
$178M
iOnctura
Health
$352M
CorWave
Health
$193M
Vitestro
Health
$280M
Reverion
Energy
$310M
LiveEO
Energy
$123M
NanoPhoria
Health
$367M
Carto
Enterprise Software
$244M
VarmX
Health
$117M
Alginor ASA
Health
$194M
Dronamics
Robotics
$139M
Energy Dome
Energy
$220M
Infinite Roots
Food
$232M
Salvia BioElectronics
Health
$232M
Neureality
Semiconductors
$175M
Equal1
Semiconductors
$240M
eleQtron
Semiconductors
$251M
constellr
Food
$163M
FineHeart
Health
$154M
Carthera
Health
$206M
Osivax
Health
$44M
Scintil Photonics
Semiconductors
$270M
INBRAIN Neuroelectronics
Health
$200M
Quandela
Semiconductors
$220M
Cailabs
Semiconductors
$88M
MedTrace
Health
$44M
Modvion
Energy
$6.6M
LUMA Vision
Health
$88M
TILT Biotherapeutics
Health
$99M
Antabio
Health
$110M
bound4blue
Energy
$176M
H2site
Energy
$185M
Sunrise
Health
$108M
Lattice Medical
Health
$189M
Infinite Orbits
Space
$176M
E-peas
Energy
$88M
VSORA
Transportation
$184M
Wi-Charge
Telecom
$80M
Evoy
Energy
$28M
MicroSure
Health
$167M
Swave Photonics
Semiconductors
$149M
05 · Portfolio founders

Where EIC Fund’s portfolio founders come from.

198 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. France50
  2. Germany28
  3. Netherlands20
  4. Spain19
  5. Israel16
  6. Finland9
  7. Belgium8
  8. Switzerland7
  9. Denmark5
  10. Iceland5
UniversityCount
  1. École Polytechnique - IP Paris10
  2. Technical University Munich9
  3. Tel Aviv University7
  4. École normale supérieure – PSL University6
  5. Eindhoven University of Technology6
  6. The Hebrew University of Jerusalem6
  7. Aalto University5
  8. EPFL Swiss Federal Polytechnic School of Lausanne5
  9. INSEAD Business School5
  10. Harvard University4
Previous companyCount
  1. Philips6
  2. IBM4
  3. Massachusetts Institute of Technology4
  4. McKinsey & Company4
  5. VTT MEMSFAB4
  6. Aalto University3
  7. BMW Group3
  8. École normale supérieure – PSL University3
  9. Janssen Vaccines3
  10. Max Planck Institute for Plasma Physics3