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§ Venture Capital · Eindhoven, Netherlands
venture capital fund investing in early-stage deep-tech startups for healthcare and energy sectors, solving global challenges.
DeepTechXL is a venture capital fund based in Eindhoven, Netherlands, that invests in early-stage deep-tech startups addressing global challenges in the healthcare and renewable energy sectors. The firm manages its inaugural DeepTechXL Fund I, which officially closed in 2024 with €110 million in capital commitments to support promising Dutch technology companies. The fund is backed by strategic and institutional investors including ASML, Philips, TNO, and Invest-NL, alongside a €9 million seed-stage investment loan from the Dutch government institute RVO. Beyond providing capital, the firm offers its portfolio companies direct access to supply chain networks and operates specialized initiatives like the HealthTechXL program, which launched with 50 participants in late 2023. DeepTechXL was founded in 2022 by Guus Frericks, Teska van Vuren, Ron Maurer, and Ronald Meersschaert as an evolution of the regional venture-builder HighTechXL.
Key people at DeepTechXL.
Key people at DeepTechXL.
DeepTechXL has 9 tracked investments across 6 companies. The latest tracked deal is $9.3M Series A Extension in Delft Circuits in December 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 3, 2025 | Delft Circuits | $9.3M Series A Extension | — | High Tech Grunderfonds, Paeonia Ventures, Quvest, Wave Capital |
| Sep 5, 2025 | TracXon | $5.5M Seed | — | BOM |
| Aug 1, 2025 | Keiron | $3.0M Seed | — | Cottonwood Technology Fund |
| Jul 1, 2025 | inPhocal | $6.0M Seed | — | Cottonwood Technology Fund |
| Feb 1, 2024 | SandGrain | $2.0M Seed | DeepTechXL | — |
| Sep 1, 2023 | Delft Circuits | $7.0M Series A | DeepTechXL | High Tech Grunderfonds |
| Apr 1, 2023 | SandGrain | $1.0M Seed | — | — |
| Sep 1, 2022 | Alphabeats | $1.0M Seed | DeepTechXL, Andy Lürling | — |
| Sep 1, 2022 | inPhocal | $2.0M Seed | — | — |
DeepTechXL is a Netherlands-based venture capital firm focused on early to growth-stage investments in deep tech startups that develop breakthrough technologies with societal impact. Its mission centers on strengthening the Dutch deep tech ecosystem by supporting ventures primarily in healthcare, energy, sustainability, semiconductor, security, and digital health sectors. DeepTechXL combines operator-first investment principles with deep industry insights to identify and scale transformative startups, leveraging a network of tech corporates, research institutes, and impact investors to accelerate innovation and market entry[1][2][5].
DeepTechXL emerged in 2022 as a natural evolution from the earlier deep-tech venture builder HighTechXL, founded in 2013 in the Eindhoven region. HighTechXL was established with the goal of cultivating a premier deep-tech ecosystem in Northwestern Europe, supported by founding partners such as ASML, Philips, BOM, TNO, and High Tech Campus Eindhoven. Building on this foundation, DeepTechXL was created to provide dedicated venture capital funding and access to a broad ecosystem of resources, licenses, supply chain partners, and co-investors, thereby accelerating the growth of deep-tech startups in the Netherlands and beyond[2].
DeepTechXL rides the growing global trend of deep tech innovation aimed at solving complex societal challenges through advanced technologies. The timing is critical as sectors like healthcare, energy transition, and digital security face increasing demand for breakthrough solutions. Market forces such as increased governmental and corporate focus on sustainability, digital transformation, and health innovation favor DeepTechXL’s investment thesis. By fostering a strong regional ecosystem and connecting startups to global networks, DeepTechXL influences the broader tech landscape by accelerating commercialization and scaling of deep-tech ventures in Europe[2][5].
Looking ahead, DeepTechXL is poised to deepen its impact by expanding its portfolio and ecosystem partnerships, potentially increasing cross-border investments within Europe and North America. Trends such as AI integration, sustainability-driven innovation, and digital health advancements will shape its journey. Its influence is likely to grow as it continues to bridge the gap between deep-tech research and market-ready solutions, reinforcing the Netherlands as a hub for deep-tech entrepreneurship and innovation[1][2][5]. This progression ties back to DeepTechXL’s foundational belief in empowering smart, driven people with the right tools and ecosystem to create transformative technologies.
