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Innovation Industries

The largest Dutch deeptech fund

The fundamental problems society faces tomorrow require transformational solutions. Deeptech has the power to play a crucial role to fundamentally reshape the economic and societal landscape at unprecedented speed. Innovation Industries’ mission is to enable deeptech to positively impact the future.

With our vision on ambitious transformational businesses that address large markets we help build the industry leaders of the futureOur multidisciplinary team provides hands-on support, offers vast industry experiencea strong M&A and IPO track record and an extensive network of experts, universities and corporates.

We provide financing and hands-on guidance to technology ventures that have a high potential for positive impact on society. Hereby, we seek to optimize long-term returns for our investors, always in a manner that is both prudent and responsible.

Focus

We target companies that develop commercially promising products and technologies in the area of deeptech. Areas we typically invest in are nano- and microtechnologies, semiconductors and integrated photonics, clean technology, food and agrotechnology, and medical technology. Innovation Industries has a broad investment mandate and invests in start-ups, scale-ups and growth capital. We believe in supporting companies long term, focusing on value creation.

Facts

Fund size: EUR 275 M

Major investors: the Dutch pension funds PME and PMT

Focus: transformational deeptech businesses

Stage: pre-seed, seed, early stage

Team: 15 cross-cultural investment managers (engineers, PhD’s, VC’s, PE’s, entrepreneurs)

Network:

  • Technical universities (4TU)
  • TNO
  • University medical centres
  • Tech accelerators
  • Industry players

Investment range: Typical investments per portfolio company range from € 1 million to € 30 million euro in multiple investment rounds

 

Bedrijfsnieuws

EFFECT Photonics Secures $40 Million in Additional Funding

March 4, 2023

EFFECT Photonics, a leading developer of highly integrated optical solutions, has secured an additional $40 million in funding from a group of investors led by Invest-NL  and Innovation Industries, along with other existing investors. Read more [Source: effectphotonics.com]

Innovation Industries Start Derde Investeringsfonds Gericht Op Snelgroeiende Technologiebedrijven

February 10, 2023

Met Impact Het nieuwe fonds gaat op zoek naar ongeveer 15 deeptech bedrijven die moeten uitgroeien tot internationale winnaars in hun sectoren. Zogeheten deeptech startups richten zich op het toepassen van geavanceerde technologieën om complexe, maatschappelijke knelpunten op te lossen op het gebied van gezondheidszorg, landbouw, energie en productie. Lees verder

Building a world-class Dutch start-up ecosystem

November 26, 2022

A strategy to both increase the number of start-ups and facilitate their ability to scale can elevate the Netherlands to a global leader in the world of entrepreneurship ecosystems. Read more [Source: mckinsey.com]

Groundbreaking AI computational power

October 29, 2022

Axelera AI is a designer of world’s most efficient and advanced solutions for AI at the edge. The closing of this investment round comes just a few months after the announcement of the Thetis Core testbench chip, which achieved groundbreaking AI computational power. The funding will support the launch and mass production of Axelera AI’s first-generation AI accelerated platform, as well as expansion to the United States and Taiwan. Read more

Phosphoenix is making blind people see

September 24, 2022

We gladly announce our third investment via the Thematic Technology Transfer Medtech fund, in a joint financing round with the FIRST fund managed by BGV (BioGeneration Ventures) and Innovatiefonds Noord-Holland. The new funding will support Phosphoenix (www.phosphoenix.nl), a medical technology spin-off from the Nederlands Herseninstituut. Read more

PHIX is ready for the next phase of growth through additional investments and expansion of facilities

August 12, 2022

To continue to support our customers, PHIX is proud to have secured €3 million in new capital for the short term and €20 million for the long term from the National Growth Fund. In addition, PHIX will occupy a new building to support further industrialization and scaling of photonic chip packaging in large volumes. Read more [Source: phix.com]

Seed investment in Cellcius

June 25, 2022

We’re excited to announce our seed investment in Cellcius! Their heat battery technology makes it possible to store energy in the form of heat and then use it independently of time and place. All of this in a safe , reliable way – using the most common basic raw materials on earth: salt and water. Read more: Read more

Pharrowtech raises €15 million in series a funding to develop world’s first viable wireless alternative for optical fiber

May 14, 2022

Pharrowtech, a leader in the design and development of millimeter wave (mmWave) hardware and software for next-generation wireless applications, today announces the closure of its €15 million Series A funding round to continue developing next-generation 60 GHz wireless RF transceivers and antenna technology. This investment round was led by Innovation Industries, a highly reputed deep tech investor based in the Netherlands, and joined by Seed Round investors imec.xpand, Bloc Ventures, and KBC Focus Fund. Read more [Source: pharrowtech.com]

What makes Deep Tech VC different?

March 31, 2022

The Innovation Industries VC fund invests in deep tech companies with ground-breaking technologies that can address the fundamental challenges of our time. We get a lot of questions around the term deep tech, such as: what makes deep tech investing different? And why does it represent one of the best opportunities for LPs to achieve outsized returns? Read more

57 Best The Netherlands Semiconductor Startups – Impacting The Electronics Industry

March 5, 2022

We are pleased to find many of our portfolio companies to be listed among ‘The Startup Pill’ Best Semiconductor Startups in The Netherlands. Congratulations Aito, Nearfield Instruments B.V., EFFECT Photonics, Axelera AI, Axign BV, Solmates and SMART Photonics.
 
As Innovation Industries, we help lay the foundations of the Benelux semiconductor ecosystem as a leading Venture Capital investor. Over the past decades, our team has built a portfolio of successful ‘cornerstone’ semiconductor / photonics companies, that will shape the future of European chip production. Read more [Source: startupill.com]

Dutch Battery Startup LionVolt Closes €4 Million Seed Round Led by Innovation Industries

November 19, 2021

The round was led by deep tech venture capital firm Innovation Industries and joined by Brabant-focused startup fund Brabantse Ontwikkelingsmaatschappij (Brabant Development Agency, BOM) and renowned investor Sake Bosch. LionVolt spun off last year from TNO at Holst Centre, building on six years of research and development of its innovative battery design. Read more

Dutch AI semiconductor startup Axelera AI launches with $12 million seed round

September 18, 2021

AI semiconductor startup Axelera AI announced today that it has successfully closed a seed investment round of $12 million. The round was led by emerging technologies leader Bitfury and joined by global nanoelectronics R&D center imec and deep-tech venture capital funds Innovation Industries and imec.xpand. The funding will support the company’s development of an industry-defining product powering AI applications at the edge. Read more 

LionVolt to enter the battery industry with revolutionary 3D technology

August 14, 2021


With longer range, quick charging and greater safety in a more sustainable solution, the Eindhoven company LionVolt wants to reshape the battery industry. With an initial investment of 1.1 million euros from Innovation Industries, Goeie Grutten, Brabant Startup Fund (BSF) and the Brabant Development Company (BOM), LionVolt is accelerating development of the 3D battery technology. The development of machines to produce these revolutionary batteries will largely take place in the Brainport region. Read more

Onera raises €10.5M in Series B funding

August 7, 2021


Onera Health, a leader in sleep diagnostic and monitoring solutions, closed €10.5M in Series B funding. The round was led by Innovation Industries in close collaboration with Invest-NL and with existing investors imec.xpand, Jazz Pharmaceuticals, BOM and 15th Rock. Read more