European Sovereignty Monitor

Industry, investment and R&D

Elaia closes DeepTech Seed Fund III at EUR 134 million for European startups

Elaia Partners closed its third deep tech seed fund at EUR 134 million, roughly double its predecessor, backed by INRIA, Bpifrance, BNP Paribas and others, to back European pre-seed and seed startups in computing, semiconductors, quantum and industry.

Verified Elaia Partners press release, 12 March 2026

What it does not test. This does not establish which companies will receive tickets or that the EUR 134 million has been deployed.

How this item counts. Towards autonomy: it changes who owns. Binding 2 of 3 (agreed or funded), scale 2 of 3 (medium), Verified counts in full: weight +4 of 36 possible. EUR134M fund closed with European LPs to hold equity in EU deeptech startups. European Sovereignty Index

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