In the past 14-20 months, EIC Scaling Club members have achieved an average funding growth of 66.66%. That is more than double the control group, which saw just 26% growth in the same time period, according to the EIC Scaling Club Impact Report.

The 120 EIC Scaling Club members were benchmarked against 240 deep tech companies that were nominated for the program, eligible, and applied but were not selected due to capacity or geographic constraints. Funding growth refers to how much additional funding a company has raised since joining the Club.

In total, the member companies have raised around €2.13 billion since joining the program. This contributes to a total of approximately €5.47 billion raised to date across the portfolio. The 120 companies in the Club represent an estimated combined valuation of €10-13 billion, with the top 20 companies alone accounting for €4-5 billion.

“These results reflect the strength of Europe’s deep tech talent and the importance of sustained support for companies with the potential to scale globally,” said Patrik Sobocki, EIC Board Member and EIC Scaling Club Council Member. “Providing high-quality support to them is essential for Europe’s long-term competitiveness.”

The top 20 companies in the portfolio have achieved 152% funding growth, raising around €1.67 billion in new capital since joining the programme. Companies that raised the most since joining include Axelera AI, Netherlands (€361 million), Multiverse Computing, Spain (€254 million), PLD Space, Spain (€206 million), EnduroSat, Bulgaria (€143 million + more undisclosed), Vay Technology, Germany (€90 million), CorPower Ocean, Sweden (€77 million), and cylib, Germany (€63 million).

Beyond funding, companies also report strong economic and market impact. The scale-ups have created 2182 new jobs and closed 200 strategic partnerships. 76% of members say they've attracted new clients, while 35% have expanded their business outside the EU.

“It is a privilege to serve these 120 companies. By continuously monitoring impact, engagement, and satisfaction, we commit to providing meaningful value as they pursue funding, growth, and international opportunities,” said William Stevens, EIC Scaling Club Coordinator, Tech Tour.

The EIC Scaling Club is an initiative under the EIC Business Acceleration Services, led by Tech Tour in collaboration with five other partners. The initiative is designed to support Europe’s most promising deep tech scale-ups through increased visibility, access to networks, and targeted expert guidance. The program’s portfolio was selected from more than 300 nominations submitted by investors and EU Member State representatives from the EIC programme committee, identifying companies with strong potential to grow towards a €1 billion valuation.

On 18 March in Paris, portfolio companies, investors, corporates, and ecosystem leaders will gather for the program’s final in-person event at the Growth Forum. The event is designed for the members to explore new investments, partnerships, and global growth opportunities. To express your interest in joining the event, please complete this contact form.

About the EIC Scaling Club

The EIC Scaling Club is a curated community where 120 European deep tech scale-ups with the potential to build world-class businesses and solve major global challenges come together with investors, corporate innovators and other industry stakeholders to spur growth.

The top 120 European deep tech companies have been carefully selected from a pool of high-growth scale-ups that have benefitted from EIC financial schemes, other European and national innovation programmes, and beyond.

The EIC Scaling Club is an EIC-funded initiative run in partnership by Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA and IESE Business School.

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