A new impact report shows companies in the EIC Scaling Club significantly outperform a control group of deeptech scaleups, highlighting the role of targeted networks and guidance.
A recent report reveals that in the past 14-20 months, EIC Scaling Club members have achieved an average funding growth of 66.66 per cent. That is more than double the control group, which saw just 26 per cent growth in the same time period, according to the EIC Scaling Club Impact Report.
Supporting Europe’s most promising deeptech scaleups
The EIC Scaling Club is an initiative under the EIC Business Acceleration Services, run in partnership by Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA and IESE Business School.
The initiative is designed to support Europe’s most promising deeptech scale-ups by increasing visibility, providing access to networks, and offering targeted expert guidance. The program’s portfolio was selected from more than 300 nominations submitted by investors and EU Member State representatives from the EIC programme committee, identifying companies with strong potential to grow towards a €1 billion valuation.
Benchmarking for critical comparison
The 120 EIC Scaling Club members were benchmarked against 240 deep tech companies that were nominated for the program, eligible, and applied but were not selected due to capacity or geographic constraints. Funding growth refers to how much additional funding a company has raised since joining the Club.
In total, the member companies have raised around €2.13 billion since joining the program. This brings the total raised to approximately €5.47 billion across the portfolio to date.
The 120 companies in the Club represent an estimated combined valuation of €10-13 billion, with the top 20 companies alone accounting for €4-5 billion.
“These results reflect the strength of Europe’s deep tech talent and the importance of sustained support for companies with the potential to scale globally,” said Patrik Sobocki, EIC Board Member and EIC Scaling Club Council Member.
“Providing high-quality support to them is essential for Europe’s long-term competitiveness.”
Top scaleups drive €1.67B in new funding across
The top 20 companies in the portfolio have achieved 152 per cent funding growth, raising around €1.67 billion in new capital since joining the programme.
Companies that raised the most since joining include:
- Axelera AI, Netherlands (€361 million),
- Multiverse Computing, Spain (€254 million),
- PLD Space, Spain (€206 million),
- EnduroSat, Bulgaria (€143 million + more undisclosed),
- Vay Technology, Germany (€90 million),
- CorPower Ocean, Sweden (€77 million), and
- cylib, Germany (€63 million).
Beyond funding, companies also report strong economic and market impact.The scaleups have created 2182 new jobs and closed 200 strategic partnerships. 76 per cent of members say they’ve attracted new clients, while 35 per cent have expanded their business outside the EU.
“It is a privilege to serve these 120 companies. By continuously monitoring impact, engagement, and satisfaction, we commit to providing meaningful value as they pursue funding, growth, and international opportunities,” said William Stevens, EIC Scaling Club Coordinator, Tech Tour.