European deep tech continues to attract large investment

Share article

Europe is on track for $3.5B to be invested into deep tech companies in 2017 across more than 600 deals

Capital invested ($B) in and # of deals closed by European deep tech companies


European AI companies have raised more than $4.6B since 2012 across over 1,000 deals

Capital invested ($B) and # of deals by deep tech sub-category

Deep tech companies based in the UK, France and Germany lead the way in attracting capital investment

Capital invested ($B) in European deep tech companies by country

The next stage of the Information Revolution is underway, made possible by rapid technological progress that is changing every industry and creating new ones. Europe is particularly well placed to take advantage. Last year, this report highlighted the growing strength of deep tech in Europe. This was no surprise to us at SoftBank. In the last 18 months alone we invested in some of Europe’s most exciting deep tech companies, ARM and Improbable.

David Thevenon

  • SoftBank

European entrepreneurs continue to form deep tech companies at very high levels, led by companies focused on AI

Number of European deep tech companies founded per category per year

Europe's most promising deep tech companies are raising large rounds and actively choosing to stay independent to continue to build and take on global opportunities

Selected investment rounds raised by European deep tech companies in 2017

Company Round sizeLead investor(s)Round date
Graphcore$50MSequoia Capital Nov 2017
Ada Health$47MAccess IndustriesOct 2017
MessageBird$60MAccel, AtomicoOct 2017
Shift Technology$28MAccelOct 2017
FiveAI$35MLakestarSep 2017
Lilium$90MTencentSep 2017
Sophia Genetics$30MBaldertonSep 2017
Improbable$500MSoftbank Vision FundJun 2017
Unity$400MSilver LakeMay 2017
Babylon Health$60MKinnevik Apr 2017

European entrepreneurs are catalysing the development of AI technology and the proliferation of AI-powered applications. As AI reaches an inflection point in adoption, early-stage AI companies will empower buyers that have the vision to embrace them and disrupt those that do not. With 900 AI startups (70% of the US total), world-class talent (a quarter of the world’s top 50 universities) and a flourishing ecosystem for entrepreneurship, Europe has much to contribute as we move to a world that is AI-first.

David Kelnar

  • MMC Ventures