Since its 2023 launch, the European Tech Champions Initiative has made significant strides in supporting European technology scale-ups, with 8 funds backed so far amounting to more than €2 billion in commitments. This investment has mobilised five times this amount, reaching €10 billion in combined public and private sector resources. To date,16 tech scale-up investments have been made in France, Germany, Italy, the Netherlands, and Spain, across various sectors, including cybersecurity, artificial intelligence, and deep tech. ETCI-backed funds have invested in key areas of European innovation, including deep tech and climate-focused ventures. The application, selection and investment process continue with more updates coming soon.
Read the related press release here
The ETCI initiative has had a significant media coverage with more than 700 articles across Europe and beyond. The launch announcement in February 2023 was in our top 10 media announcements in terms of reach and top 5 in terms of Tier 1 and Tier 2 media articles generated to date in 2023.
Find here an overview and media clippings by country from our press review on the launch of ETCI.
Atomico totals $1.24 billion in fundraising as European technology comes of age
Headline raises $865m growth fund — and is eyeing defence and pharma startups
Launch of new fund of funds to support European Tech Champions – 13 February 2023
A venture capital injection for European technology – op-ed by EIB VP Gelsomina Vigliotti
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