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As European dynamism gathers momentum, Elaia and partners double down with new deep tech fund
Elaia's third deep tech seed fund, DTS3, is double the size of the two previous funds, and signals the momentum that is forming around an emerging concept: European dynamism.
“We have to make 80% of our deals in the EU, strictly speaking, but the remaining 20% is open to the rest of the world.” In practice though, 80% of that 20% will likely go to companies in Spain and Germany, two countries in which Elaia has been deploying efforts. Elaia will be the French ambassador of the tour, which will take a group of general partners from U.S. VC firms to four countries in less than a week next June, with visits to CERN, a rocket factory, ETH Zurich, ASML and more. But he also inspired the namesake initiative that incentivizes institutional investors, including major insurance companies, to back venture capital funds, which hasn’t traditionally been the case in France.
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