Elaia, a venture capital firm based in Paris, has announced the closing of its third deep-tech seed fund (DTS3) at €134 million. This exceeds the initial target of €120 million set in March 2024.

Fund Details

The fund is backed by Bpifrance and Université PSL, demonstrating the growing interest in investments in cutting-edge technologies. Elaia focuses on seed-stage deep-tech startups, providing initial capital for innovative projects.

Market Context

The closing of this fund highlights the continued growth of the deep-tech sector and the need for dedicated funding to support companies in the early stages of development. Seed funds like DTS3 play a crucial role in the innovation ecosystem, enabling startups to transform promising ideas into commercial realities.