DeepTechXL, a venture builder focused on early-stage deep tech startups, has successfully raised €110 million. Major contributions came from technology giant ASML and pension fund PME. DeepTechXL invests in promising young companies working with cutting-edge technologies like photonics, semiconductors, and quantum computing.
Founded in 2022, DeepTechXL has already made investments in eight companies, including SuperLight Photonics. ASML CEO Peter Wennink emphasises that DeepTechXL represents more than just an investment fund. He highlights the collaborative nature of the venture, which aims to accelerate the development of startups in the Dutch deep tech ecosystem.
This collaboration involves mobilising capital, attracting talent, and sharing expertise to position startups for global success. Participants in the fund include not only ASML and PME but also Brabant Development Company (BOM), TNO, Invest-NL, Philips, Oost-NL, Technical University of Twente, the Netherlands Enterprise Agency, and Dutch families.
Eric Uijen, chairman of the executive board of PME, stresses the potential for impact investing, highlighting the triple return for pension funds: positive social impact, robust innovation, and financial returns.
