DeepTechXL
DeepTechXL is a €100M Dutch deep-tech venture capital fund based in Eindhoven that invests from pre-seed to Series C in Dutch startups across quantum, photonics, medtech, IoT security and advanced manufacturing, combining equity capital with the nine-month HighTechXL venture-building program and SFDR Article 9 impact classification.
- Company typePrivate
- Founded2022
- HeadquartersEindhoven, Netherlands
- Headcount1–10
- GTM typeB2B
- OfferingServices
What DeepTechXL does
DeepTechXL is a Netherlands-based deep-tech venture capital fund and venture builder headquartered at High Tech Campus 27 in Eindhoven, operating within the Brainport high-tech ecosystem. Founded in 2022 as the natural progression of HighTechXL (the Northwestern European deep-tech venture builder launched in 2013 by ASML, Philips, BOM, TNO and High Tech Campus Eindhoven), the fund manages DeepTechXL Fund I with a €100 million target size, complemented by a €9 million RVO loan dedicated to seed-stage investments. Its core product offering combines full-lifecycle equity investment from pre-seed through Series C (seed tickets €100K–€2M, follow-on up to 15% of total commitments per company) with a nine-month HighTechXL venture-building program that sources and develops deal flow through FasTrackathon reverse-hackathons and corporate-talent sourcing. The fund is SFDR Article 9 classified and a UN PRI signatory, targeting Dutch startups whose technologies address the six Dutch Research Council (NWO) Key Enabling Technologies — Advanced Materials, Digital Technologies, Engineering and Fabrication Technologies, Nanotechnologies, Photonics and Light Technologies, and Quantum — applied to four societal themes: Health & Care, Energy Transition & Sustainability, Security, and Agriculture, Water & Food.
The underlying investment engine is the proprietary Science-based Impact Investment Process developed with TU Eindhoven, comprising four phases (screening, preliminary assessment, final assessment, post-investment), augmented by an Impact Hypothesis Framework (combining Theory of Change with Dimensions of Impact) and a standardized ESG questionnaire for ongoing monitoring. As of September 2025, DeepTechXL's disclosed portfolio comprises eleven companies spanning quantum cryogenic cabling (Delft Circuits, serving NASA and national labs), photonics (inPhocal, SuperLight Photonics, MicroAlign), medtech (Gilbert Technologies), IoT security (Sandgrain), electronics manufacturing (Keiron Printing Technologies, TracXon), neurotech (Alphabeats) and energy monitoring (Senergetics). Notable deals include a €4M lead in Gilbert Technologies' €7M Series A, a €5M investment into Delft Circuits' €6.3M Series A, co-lead of Keiron's €10M round, and leadership of TracXon's €4.75M seed.
Revenue is generated through a standard VC fund structure: management fees charged on committed capital during the investment period (and on invested capital thereafter) plus long-horizon equity returns from portfolio company exits over a stated 5-10 year hold. Capital is sourced from a concentrated base of strategic LPs (ASML, Philips, PME Pension Fund, Invest-NL, BOM, TNO) and family offices, with the fund intending to lead Series A and B rounds and syndicate in Series C. The 14+ person team combines Managing Partners, Partners, Technology Officers (with prior roles at Philips, NXP, Apple and as deep-tech founders), a Chief Legal Officer, a Valuation Committee chaired by a 30-year VC/PE veteran, and Investment Managers and Analysts with backgrounds spanning HighTechXL, Yili, Innovation Industries, Flagship Pioneering and Onera Health.
DeepTechXL firmographics
Firmographics- Name
- DeepTechXL
- Legal name
- DeeptechXL Fund Management B.V.
- Website
- https://deeptechxl.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- DeepTechXL is a €100M Dutch deep-tech venture capital fund based in Eindhoven that invests from pre-seed to Series C in Dutch startups across quantum, photonics, medtech, IoT security and advanced manufacturing, combining equity capital with the nine-month HighTechXL venture-building program and SFDR Article 9 impact classification.
- Ownership category
- akta.pro rank
DeepTechXL industry classification
Industry- Product category
- Venture Capital
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
- akta.pro secondary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where DeepTechXL is headquartered
LocationHeadquarters
- HQ city
- Eindhoven
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
DeepTechXL business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Portfolio Company Equity Returns: DeepTechXL generates returns through equity investments in deep-tech portfolio companies. The fund targets investments from pre-seed through Series C, seeking capital appreciation through successful portfolio company exits. As a long-term investor, the fund supports companies for 5-10 years before charting strategic exit paths.
- Management Fees: Standard VC fund structure with management fees typically charged on committed capital during investment period and on invested capital thereafter, supporting fund operations.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
DeepTechXL product offering
Product offeringCore offering
DeepTechXL is a Dutch deep-tech venture capital fund (Fund I, €100 million) that invests in Dutch companies ranging from pre-seed through Series C, providing full lifecycle financial support with tickets of €100,000 to €2 million at seed stage and follow-on investments up to 15% of total capital commitments per company. The fund combines capital deployment with a nine-month venture-building program developed in partnership with HighTechXL, granting portfolio companies access to advanced technology, cutting-edge IP, co-founders, mentors, and a network of industry leaders including ASML, Philips, TNO, and BOM.
Product overview
DeepTechXL is a deep-tech venture capital fund (Fund I, €100 million) and venture builder that provides full lifecycle investment from Pre-seed to Series A-C for Dutch deep-tech startups. The fund focuses on six key enabling technology areas (Advanced Materials, Digital Technologies, Engineering and Fabrication Technologies, Nanotechnologies, Photonics and Light Technologies, and Quantum) to address four societal themes: Health & Care, Energy Transition & Sustainability, Security, and Agriculture, Water & Food. The venture building program runs for nine months, providing startups access to technology, IP, co-founders, and industry networks. DeepTechXL's portfolio currently includes eleven portfolio companies specializing in quantum computing, photonics, medtech, IoT security, and advanced manufacturing.
Differentiator
Problem solved
Functional benefit
Products and services
- DeepTechXL Venture Capital Fund I A €100 million deep-tech venture capital fund that invests in Dutch companies ranging from pre-seed to Series C, providing full lifecycle financial support with tickets of €100,000 to €2 million for seed stage and follow-on investments up to 15% of total capital commitments per company. Lead investor in Series A and B rounds, syndicates in Series C.
- HighTechXL Venture Building Program A nine-month comprehensive venture-building program that provides deep-tech startups with access to advanced technology, cutting-edge IP, co-founders, mentors, and a network of industry leaders. FasTrackathon reverse-hackathon events identify potential business applications and assemble teams to take technologies to market. DeepTechXL sources investment opportunities through this program.
Quantifiable outcome
- Portfolio companies target UN Sustainable Development Goals in Health & Care, Energy Transition & Sustainability, Security, and Agriculture/Water/Food sectors
- +1 more outcomes
Companies that use DeepTechXL
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
DeepTechXL technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
DeepTechXL partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- HealthTechXLcoreNew venture building program for healthcare and MedTech sector startups in Brainport Eindhoven. Partners include Philips, HighTechXL, BOM, DeepTechXL, and Invest-NL. Aims to create, build, and develop startups in advanced medical technology with expectation of financing up to 15 startups over three years.
- HighTechXLcoreFirst deep-tech venture builder founded in 2013 in Northwestern Europe. DeepTechXL originated from and works closely with HighTechXL, the prestigious deep-tech venture-builder supported by ASML, Philips, TNO, and BOM. HighTechXL runs the nine-month venture-building program that sources and develops DeepTechXL investment opportunities.
- Eindhoven Startup Alliance (ESA)coreAlliance of industry-leading members including Philips, ASML, EY, HVG Law, High Tech Campus, BOM, TU Eindhoven, NTS-Group and ABN AMRO. ESA is focused on bringing talented innovators to the Eindhoven region and contributing to making the world a better place.
- TU Eindhoven (Eindhoven University of Technology)coreKnowledge institute partner in ESA and HighTechXL ecosystem. Provides access to research, talent, and technology transfer opportunities for deep-tech ventures. Collaboration developed proprietary impact investment process with university.
- High Tech Campus EindhovencoreHost location for DeepTechXL and ecosystem hub. Home to more than 12,000 international innovators, researchers and business people. DeepTechXL connects team members and portfolio companies with this extensive network.
Scale indicators5 records
Recent moves8 records
Expansion highlights5 records
DeepTechXL competitors and assessment
Company assessmentDirect peers
- Cottonwood Technology Fund: Dutch/US deep-tech seed and Series A investor that co-led Keiron Printing Technologies' €10M round with DeepTechXL. Directly comparable mandate on hardware-intensive deep-tech with similar ticket sizes and lead-investor posture.
- PhotonVentures: Dutch seed-to-Series A venture capital firm focused exclusively on integrated photonics. Co-led MicroAlign's €1M seed round with DeepTechXL and serves an overlapping portfolio of Dutch photonics startups with comparable investment tickets.
- Innovation Industries: Dutch deep-tech growth and early-stage investor that led SandGrain's €13.5M Series A. Competes for similar photonics, semiconductor, and advanced-technology opportunities with comparable Dutch ecosystem footprint.
- High-Tech Gründerfonds (HTGF): German deep-tech seed investor that was prior seed investor in Delft Circuits before DeepTechXL's €6.3M Series A. One of Europe's most active deep-tech seed funds with directly comparable hardware focus and ticket sizes.
- LUMO Labs: Dutch impact-focused seed investor that followed on DeepTechXL's €1.5M Alphabeats seed round. Operates with similar early-stage, technology-driven thesis and frequently co-invests in the same Dutch deep-tech startups.
- Brabantse Ontwikkelings Maatschappij (BOM): Brabant regional development agency that is both an LP in DeepTechXL Fund I and a co-investor across its portfolio (inPhocal, TracXon, SandGrain). Functions as a direct peer in Dutch deep-tech while also serving as ecosystem partner.
Regional players
- Capricorn Partners: Belgian venture and growth capital firm with dedicated deep-tech/cleantech funds. Comparable thesis on European deep-tech hardware, though focused on Belgium rather than the Netherlands, providing a regional parallel for DeepTechXL's model.
- Oost NL: Dutch regional development agency for Gelderland/Overijssel that co-led SuperLight Photonics seed with DeepTechXL. Operates as a regional peer in Dutch deep-tech startup financing with comparable early-stage tickets and impact mandate.
Broad incumbents
- Earlybird Venture Capital: One of Europe's largest established deep-tech and tech VCs with broader sector exposure (digital health, fintech, industrial tech). Operates at larger fund sizes than DeepTechXL but overlaps in quantum, photonics, and advanced materials bets.
Others
- HighTechXL: Parent venture-builder organization that sources and develops DeepTechXL's deal flow via its nine-month program. Not a direct competitor for capital but an adjacent ecosystem enabler and corporate partner deeply intertwined with DeepTechXL's origination engine.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
DeepTechXL social profiles
Digital presenceDeepTechXL compliance and trust
Trust signalCompliance2 records
DeepTechXL financial estimates
Financial estimateRevenue estimate
Valuation estimate
DeepTechXL leadership team
Management profileNumber of profiles
Profiles15 records
DeepTechXL funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DeepTechXL M&A and investment
M&A and investmentM&A
Investments14 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DeepTechXL
What does DeepTechXL do?
DeepTechXL is a Dutch deep-tech venture capital fund (Fund I, €100 million) that invests in Dutch companies ranging from pre-seed through Series C, providing full lifecycle financial support with tickets of €100,000 to €2 million at seed stage and follow-on investments up to 15% of total capital commitments per company. The fund combines capital deployment with a nine-month venture-building program developed in partnership with HighTechXL, granting portfolio companies access to advanced technology, cutting-edge IP, co-founders, mentors, and a network of industry leaders including ASML, Philips, TNO, and BOM.
Is DeepTechXL a public or private company?
DeepTechXL is a private company. It is classified as venture growth investor backed and is currently operating.
When was DeepTechXL founded?
DeepTechXL was founded in 2022. It employs 1 to 10 people.
Where is DeepTechXL based?
DeepTechXL is headquartered in Eindhoven, Netherlands, in the Europe region.
How does DeepTechXL make money?
Two revenue lines are on record. Portfolio Company Equity Returns are the primary driver. The others are management Fees.
Who are DeepTechXL's main competitors?
Direct peers on record are Cottonwood Technology Fund, PhotonVentures, Innovation Industries, High-Tech Gründerfonds (HTGF), LUMO Labs and Brabantse Ontwikkelings Maatschappij (BOM). Regional players are Capricorn Partners and Oost NL. Earlybird Venture Capital is listed as a broad incumbent. HighTechXL is listed as an others.
Does DeepTechXL have an API?
No public API is recorded for DeepTechXL.
What industry is DeepTechXL in?
DeepTechXL's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 525 and its SIC code is 6282.