Deeptech: Europe's Path to Autonomy Amid U.S. Geopolitical Tensions
Deeptech is emerging as Europe's key to reducing reliance on the U.S., with €15B in VC funding and strengths in AI and photonics.
Matilda
Deeptech: Europe's Path to Autonomy Amid U.S. Geopolitical Tensions
Amidst geopolitical tensions and volatile markets, the question of Europe’s ability to weather the storms ahead, especially as President Trump seems intent on having his pound of tariffs from the continent, is looming large. Image:Magnilion / Getty Images But an extensive new report claims deeptech is poised to become a key pillar of Europe’s security, defense, and future autonomy, in particular from the U.S. Deeptech attracted €15 billion ($16.3 billion) in venture investments in 2024, according to a 184-page report by venture firms Lakestar, Walden Catalyst, Dealroom and the deeptech conference, Hello Tomorrow. The report also found that nearly one-third of all venture capital invested in Europe is now going to deep tech. M&A activity in the space increased to $12.2 billion last year, the report said, but it also found that European deeptech startups still rely on the U.S. for exits. Furthermore, 50% of the growth capital raised by deeptech startups comes from outside the continen…
