EIC Scaling Club companies attract €4.06 billion in funding
Members were more likely to complete funding rounds than unsuccessful applicants, according to a report that cautioned a few companies accounted for much of the results.
A report by the European Innovation Council’s Scaling Club puts funding raised by its members since admission at €4.06 billion. The EIC finances the program, which supports 120 deep tech scale-ups spanning 26 countries.
Using Dealroom figures through 29 September 2026, the report assessed members alongside 240 unsuccessful applicants. It found that 56% of participating companies completed a funding round after entry, against 38% of those not selected. Among businesses obtaining investment, rounds averaged €60.6 million for members and €39.7 million for unsuccessful applicants.
The report cautioned that a handful of breakout companies accounted for a substantial portion of the results. It also noted differences in the groups’ composition: half of members operated in climate technology, while digital businesses had a greater presence in the comparison portfolio.
Investment was concentrated in three categories: New Space attracted €1.34 billion, Next-Gen Computing received €1.32 billion and Renewable Energies drew €589 million. Their combined share was roughly 80% of funding.
Nine rounds above €100 million contributed 51% of the capital. Spain’s Multiverse Computing led with a €500 million Series C completed in July. Rounds with the EIC or other public investors participating represented around 80% of funding, according to the report. Public co-investors joined eight of the nine largest deals; the EIC Fund invested directly in four.
The program admitted cohorts in April and October 2024. Dealroom estimated that the portfolio’s combined valuation reached €14.3 billion two years after entry, compared with €9.2 billion previously. The average valuation per company increased from €77 million to €120 million.
