Deep tech, or deep technology, is a category of advanced technologies that address the societal challenges as defined by the UN’s Sustainable Development Goals in the areas of healthcare, energy transition and sustainability, security and food.
The sector’s innovations can help in long-term sustainable economic success as well as create employment in the advanced high-tech manufacturing industry. However, due to the intrinsic complex nature of deep-tech venture-building, access to capital alone is not enough.
To address this, a new ‘unique’ fund, DeepTechXL, has been launched by a team of experienced VC entrepreneurs and tech corporates from the industry, regional & national investors, and Dutch research institutes. DeepTechXL Fund I aims for a minimum fund size of €100M.
The fund received a €9M loan from the Dutch government institute RVO (Rijksdienst voor Ondernemend Nederland), specifically allocated for early-stage Seed investments.