European Innovation Council (EIC) Fund

The EIC Fund is the venture capital investment arm of the European Innovation Council, supporting deep tech startups and SMEs with high-risk, high-impact innovations.

Venture Capital Brussels, Belgium Est. 2020
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Last updated 2026-09-01
Portfolio
3
in our dataset
Rounds participated
4
Rounds led
3
Rounds' value
$39.2M
total disclosed, rounds participated
Stages
Pre-Seed, Seed, Series A, Series B

About

The European Innovation Council (EIC) Fund is the investment vehicle of the EIC Accelerator program, established by the European Commission in 2020. It provides patient capital in the form of equity or quasi-equity to SMEs and startups selected through the EIC Accelerator, bridging the funding gap for breakthrough European innovations from seed to Series B financing. The EIC Fund aims to crowd in other investors and supports the commercialization and scaling up of high-risk, deep tech innovations across various sectors.

Portfolio · 3

Restore Medical
A clinical-stage MedTech company developing transcatheter therapies for heart failure.
Led ★ 2 rounds $25.7M committed Latest: 2025-07
Wi-Charge
Developer of long-range wireless power solutions using infrared light.
Led ★ 1 round $13.4M committed Latest: 2021-10
Feelit Technologies
Feelit Technologies develops AI-powered sensing tools for industrial operations, providing predictive maintenance solutions through nanotechnology-based sticker sensors.
Led ★ 1 round $54K committed Latest: 2019-09

Q&A

What is the primary focus of the European Innovation Council (EIC) Fund?
The EIC Fund is the venture capital investment arm of the European Innovation Council, supporting deep tech startups and SMEs with high-risk, high-impact innovations.
What is the total AUM of the European Innovation Council (EIC) Fund?
The European Innovation Council (EIC) Fund has a total AUM of $4.32 billion.
What is the typical check size for investments made by the EIC Fund?
The EIC Fund typically invests between $540,000 and $32.4 million per deal.
Which investment stages does the EIC Fund focus on?
The EIC Fund invests across Pre-Seed, Seed, Series A, and Series B stages.
What are some of the preferred sectors for investment by the EIC Fund?
The EIC Fund prefers sectors such as Deep Tech, Disruptive Innovation, AI, Data & ICT, and Health Biotechnology.
Has the EIC Fund made any recent investments in Israeli companies?
Yes, the EIC Fund made an equity investment in LightSolver in August 2024, amounting to $10.8 million. They also invested in Innoventric in October 2024.
When was the European Innovation Council (EIC) Fund founded?
The European Innovation Council (EIC) Fund was founded in June 2020.
What is the EIC Fund's investment thesis?
The EIC Fund invests in high-risk, high-impact deep tech startups and SMEs with the potential to create new markets or disrupt existing ones, aiming to bridge funding gaps and crowd in private capital to support European innovation and strategic interests.
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