Since its creation, European Innovation Council-funded companies have raised €9.6 billion in private follow on investments

Members of the European Innovation Council board
dan@tech.eu

As the European Innovation Council Summit kicks off this afternoon with an agenda that features programme managers, board members, and ambassadors, some interesting numbers have been revealed.

While the EIC has dispersed investments into 137 companies across 32 countries, a key takeaway is that the public funding has also crowded in a lot of private investors. And by a lot, we mean €9.6 billion in follow on investments, a number that is almost triple the initial EIC investment(s).

Moreover, a similar situation has happened in the leveraging of co-investments from VC funds and other institutional investors. Of the first 24 EIC fund investments, VCs and other investment houses co-invested close to €400 million, or, a leverage rate of 2.7x.

And last but not least, if any more proof was needed in the pudding, 2 of the EIC’s investments have achieved unicorn status, and 91 are in the centaur (a valuation of €100 million or more) range.

A “brief” overview of unicorn and centaur companies the EIC has invested in (provided by the European Innovation Council):

NAME HQ COUNTRY LAUNCH YEAR INDUSTRIES EMPLOYEES VALUATION (EUR)
Bioarctic Sweden 2003 health 51-200 1,325,632,563.00
Azelio Sweden 2006 energy 51-200 780,638,063.80
Innovafeed France 2016 food 51-200 700,000,000.00
Arcam Sweden 1997 health; semiconductors 51-200 636,363,636.40
Bonesupport Sweden 2000 health 51-200 516,721,672.20
Lumicks Netherlands 2014 health 51-200 422,727,272.50
Relex Solutions Finland 2005 enterprise software 501-1000 409,090,909.10
Ada Health Germany 2011 health 201-500 409,090,908.50
Aledia France 2011 semiconductors 51-200 400,000,000.00
Konux Germany 2014 enterprise software 51-200 363,636,363.00
EQS Group Portugal 2005 51-200 342,000,000.00
Minesto Sweden 2007 energy 51-200 302,310,231.00
Ideol France 2010 energy 51-200 300,000,000.00
Monese United Kingdom 2013 fintech 201-500 272,727,272.70
Arralis Ireland 2013 telecom; semiconductors 11-50 250,000,000.00
Immunovia Sweden 2007 health 51-200 246,534,653.50
Varjo Finland 2016 health; media 51-200 229,500,000.00
DNA Script France 2014 health 51-200 227,272,726.50
Infarm Germany 2013 food 501-1000 227,272,726.50
SparingVision France 2016 health 11-50 222,500,000.00
Ultrahaptics United Kingdom 2013 marketing; enterprise software 11-50 210,000,000.00
ENOUGH (formerly 3fbio) United Kingdom 2015 food 11-50 210,000,000.00
Skeleton Technologies Estonia 2009 energy 51-200 206,500,000.00
ENYO Pharma France 2014 health 11-50 200,000,000.00
Lightyear Netherlands 2016 energy; transportation 201-500 200,000,000.00
IQM Quantum Computers Finland 2018 semiconductors 51-200 195,000,000.00
Indigo Diabetes Belgium 2016 health 11-50 190,000,000.00
IRLAB Therapeutics AB Sweden 2013 health 11-50 184,818,481.80
AImotive Hungary 2015 transportation; semiconductors 51-200 181,818,181.80
Lingokids Spain 2016 education; kids 51-200 181,818,181.50
Isotropic Systems United Kingdom 2013 telecom 51-200 181,818,181.50
SMART Photonics Netherlands 2012 semiconductors 51-200 175,000,000.00
Epigenomics AG Germany 1998 health 51-200 171,000,000.00
Sphingotec Germany 2002 health 11-50 170,000,000.00
MDxHealth Belgium 2003 health 51-200 164,000,000.00
Perspectum United Kingdom 2012 health 51-200 163,636,363.00
iAdvize France 2010 marketing; enterprise software 201-500 160,000,000.00
Acast Sweden 2014 media 201-500 159,090,908.50
Diabeloop France 2015 health 51-200 156,090,908.50
EFFECT Photonics Netherlands 2010 semiconductors 51-200 155,000,000.00
Rimac Automobili Croatia 2009 transportation 501-1000 150,000,000.00
Micreos Netherlands 2005 health 51-200 150,000,000.00
Microphyt France 2007 health; food 11-50 142,500,000.00
MedTrace Denmark 2015 health 11-50 136,363,636.00
Infinited Fiber Company Finland 2016 fashion; energy 11-50 136,363,636.00
NIL Technology Denmark 2006 semiconductors 51-200 130,000,000.00
Hiber Netherlands 2016 semiconductors 51-200 130,000,000.00
Evision Netherlands 2008 enterprise software 51-200 127,600,000.00
Yousician Finland 2010 music; education 51-200 127,272,726.50
Avantium Technologies Netherlands 2000 energy 201-500 127,000,000.00
Aiforia | Fimmic Finland 2013 health; enterprise software 11-50 126,000,000.00
Pasqal France 2019 semiconductors 11-50 125,000,000.00
Miracor Medical Systems Belgium 2008 health 11-50 120,000,000.00
Elliptic Labs Norway 2006 11-50 118,181,817.50
Biom Up France 2005 health 51-200 117,810,000.00
TRiCares France 2013 health 11-50 115,454,545.00
TactoTek Finland 2011 semiconductors 51-200 115,000,000.00
HappyOrNot Finland 2009 enterprise software 51-200 113,636,363.00
Kayrros France 2016 energy; enterprise software 51-200 110,909,090.50
Tricares France 2018 health 11-50 110,000,000.00
Orbex Space United Kingdom 2015 transportation 51-200 108,000,000.00
Blue Ocean Robotics Denmark 2013 robotics 51-200 106,666,666.70
Minoryx Therapeutics Spain 2011 health 11-50 106,500,000.00
Alkemics France 2011 marketing; enterprise software 51-200 105,000,000.00
PragmatIC United Kingdom 2007 semiconductors 51-200 102,000,000.00
Pdc*line pharma Belgium 2014 health 11-50 100,000,000.00
Amminex Denmark 2005 energy; transportation 11-50 100,000,000.00
Crossject France 2001 health 51-200 100,000,000.00
Xenothera France 2014 health 11-50 100,000,000.00
Libeo France 2019 fintech; enterprise software 51-200 100,000,000.00
ADVITOS Germany 2005 health 11-50 100,000,000.00
Bluecode Switzerland 2017 fintech 11-50 100,000,000.00
Kheiron Medical Technologies United Kingdom 2016 health; education 51-200 100,000,000.00
Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.