AI Investments in Europe

1. Introduction to AI & Deep Tech
2. Venture capital funding
3. Prominent VC-backed companies and exits
4. Key investors and corporates
About Techcelerate Ventures

Tech Investment and Growth Advisory for Series A in the UK, operating in £150k to £5m investment market, working with #SaaS #FinTech #HealthTech #MarketPlaces and #PropTech companies.
Deep Tech Source Dealroom AI Deep Tech Capital European Deep Tech Israel Robots
1. Introduction to AI & Deep Tech
2. Venture capital funding
3. Prominent VC-backed companies and exits
4. Key investors and corporates
About Techcelerate Ventures

Tech Investment and Growth Advisory for Series A in the UK, operating in £150k to £5m investment market, working with #SaaS #FinTech #HealthTech #MarketPlaces and #PropTech companies.
Deep Tech Source Dealroom AI Deep Tech Capital European Deep Tech Israel Robots
<p>Artificial Intelligence, Deep Tech & 
Venture Capital in Europe
30 October 2017
Dealroom helps corporations, investment firms and 
governments to track innovative companies and identify 
strategic opportunities, through data-driven software
Europe's preferred tech research platform
 Founded in 2013 in Amsterdam, Dealroom provides a 360
view on Europe's high-growth and innovative industries
 Top-tier corporates, venture capital & private equity firms, 
consultants and banks use Dealroom's software, database 
and bespoke research to identify & track growth 
opportunities and stay at the forefront of innovation
 Database access is free with premium & bespoke options
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research by Dealroom
Machine learning and 
natural language 
processing
15,000+ contributors 
(founders, VCs, analysts)
Automatic data feeds 
and web crawlers
Combining multiple data sources
One platform: data, software, bespoke research.
Daryia Paliksha
Analyst
daryia@dealroom.co
Irina Anihimovskaya
Analyst
irina@dealroom.co
Marco Squarci
Analyst
marco@dealroom.co
Yoram Wijngaarde
Founder & CEO
yoram@dealroom.co
If you like this report and are hungry for more data or tailored research, get in touch!
3
1.
Introduction to AI & Deep Tech
2.
Venture capital funding
3.
Prominent VC-backed companies and exits
4.
Key investors and corporates
Contents
Deep tech: cutting-edge technologies applied to 
solving complex problems (a subjective term)
Source: Dealroom.co
5
Robotics
Aviation, 
drones & space
Semiconductors
Heavy industry & 
supply chain
Internet of 
Things
AR / VR
Artificial 
Intelligence
Artificial Intelligence is pervasive across nearly every
industry vertical; here are some examples:
6
Finance, 
insurance
Travel & 
Transportation
Health Tech
Marketing & 
Sales
Content & 
Advertising
eCommerce & 
Marketplaces
Security
Recruiting
Gaming
Education
Enabling 
software
Kreditech, 
Bondit (IL), 
Blockchain,
Riskified (IL)
AImotive, 
MobileEye (IL),
Destygo
Sophia Genetics,
Cardiologs
Market Logic 
Software,
Vainu.io
Outbrain (IL)
Shopify (Canada),
Twiggle (IL),
Ometria
Ravelin,
Shift 
Technology
Textkernel,
Source{d},
Clustree
Improbable,
Cubic Motion,
Niantic (US)
BridgeU
Hardware
Ledger Wallet
Starship 
Technologies,
Navya,
Otto (US)
Aspect Imaging 
(IL),
Wandercraft,
Bioserenity
Aldebaran 
Robotics,
GBL Robotics 
(Russia)
Narrative, 
Crunchfish, 
Manomotion, 
Videantis
Exotec Solutions,
RoboCV (Russia)
Oco, 
Cocoon,
Roboteam (IL),
Smartfrog
Healthy 
Workers
Primo Toys,
3dRudder,
Tinkerbots,
Razer (US)
Kano 
Computing,
Blue Frog
Products & 
closed 
systems
Number26
Skyscanner,
Comtravo,
Uniti
Roivant Sciences, 
Aifloo,
Babylon Health
Swrve (US),
Emarsys,
Mintigo (IL)
Sparrho,
Spotify, 
Facebook 
(US), Google 
(US)
Zalando, 
ASOS,
Amazon (US),
Ebay (US)
Darktrace,
Featurespace
Jobandtalent, 
Hiresweet
NaturalMotion
Babbel,
Viska
Interfacing 
(bots, voice, 
AR/VR, )
Brolly,
Cleo AI,
Neosurance,
TalkBank
(Russia)
German Autolabs,
WayRay,
Nexar (IL),
Lola Travel (US)
MindMaze,
Your.MD,
OrCam (IL)
Intercom (US), 
Genus AI,
CallDesk
Blippar, 
Shazam
chatShopper,
Cortexica,
SyteAI (IL),
Alexa (US),
Google Home (US)
Onfido
Job Pal, 
Sympl
Olly, 
Oculus (US)
Labster,
Lalilo,
Immersive VR
Source: Dealroom.co
Artificial Intelligence is 
Source: Neota logic
7
Artificial 
Intelligence
Machine learning
Natural language processing
Expert systems
Vision 
Speech
Planning
Robotics
Deep learning
Supervised
Unsupervised
Content extraction
Classification
Question answering
Machine translation
Image recognition
Machine vision
Speech to text
Text to speech
Text generation
presentation continues on next page
This report provides only a glimpse into Europe's 
Deep Tech & AI universe. The database contains 
nearly 3,000 companies. Click to open:
1.
Introduction to AI & Deep Tech
2.
Venture capital funding
3.
Prominent VC-backed companies and exits
4.
Key investors and corporates
Contents
 1,156M  
 1,203M  
 2,940M  
 4,151M  
 3,373M  
 3,672M  
2012
2013
2014
2015
2016
2017E
 1,903M  
 2,585M  
 4,234M  
 7,176M  
 7,471M  
 11,388M  
2012
2013
2014
2015
2016
2017E
Investment focus has shifted towards Fintech, 
Healthtech, Deep tech, and Enterprise Software
Investment into B2C verticals such as 
Fashion, Wellness, Taxi, Travel has 
stabilised since 2015. Companies 
focusing on execution & consolidation ...
Source: Dealroom.co.
Note: 2017E is 2017 up to Q3 annualised. Europe excludes Israel.
 whereas investment into 
FinTech, HealthTech, Enterprise 
and Deep Tech have seen the 
most growth
10
Food
Fashion
Wellness
Travel
Content
Deep Tech
Health
Fintech
Enterprise
Y-axes are not 
the same scale
9.5 billion invested into European Deep Tech & AI 
companies since 2012; steep increase since 2017
Source: Dealroom.co.
Note: 2017E is 2017 up to Q3 annualised. Europe excludes Israel.
11
 0.4B  
 0.8B  
 0.9B  
 1.7B  
 2.3B  
 4.6B  
121  
229  
368  
556  
702  
589  
2012
2013
2014
2015
2016
2017E
Total funding ( M)
Number of rounds
Click for interactive data online!
2017 YTD:
 3.4B from 442 rounds
 Roivant $ 1.1bn growth equity

Improbable $ 502M series B
 Kreditech  110 late VC
Decline in number of rounds is in 
line with overall market trend 
towards fewer larger deals
 as a result 17-23% of European VC investment is 
now AI & Deep Tech related; versus 26-30% in Israel
Source: Dealroom.co.
Note: 2017E is based on 2017 up to Q3 annualised. Europe excludes Israel.
12
23% 
30% 

 10%
 20%
 30%
 40%
 50%
 60%
2012
2013
2014
2015
2016
2017E
Europe
Israel
17% 
26% 

 5%
 10%
 15%
 20%
 25%
 30%
 35%
2012
2013
2014
2015
2016
2017E
Europe
Israel
2013 skewed due by Mobileye's 
$400M growth equity round
Percentage Deep Tech & AI
by VC amount invested
Percentage Deep Tech & AI
by number of VC rounds
Israel
Europe
2017 skewed by:
Roivant $ 1.1B
Improbable $ 502M
Israel
Europe
More capital is going to 
fewer category winners 
in AI & Deep Tech
That 9.5 billion in Deep Tech related investments 
across multiple market models and industry verticals
Source: Dealroom.co.
Note: Europe excludes Israel.
13
By market approach
(2012  2017 Q3)
By industry vertical
(2012  2017 Q3)
 9.5B  
 5.3B  
 3.8B  
 3.7B  
 2.1B  
 1.0B  
 0.9B  
 0.7B  
 0.6B  
 0.5B  
 0.4B  
 0.3B  
 0.2B  
 0.2B  

 2.0B  
 4.0B  
 6.0B  
 8.0B  
 10.0B  
Deep Tech
...in combination with
Artificial Intelligence
Hardware manufacturing
SaaS models
InternetOfThings
Semiconductors
Virtual reality
Developer tools
eCommerce
Robotics
Marketplace
Meta-search
Blockchain
Computer vision
 9.5B  
 3.4B  
 1.7B  
 1.3B  
 1.0B  
 0.8B  
 0.7B  
 0.7B  
 0.4B  
 0.4B  
 0.4B  
 0.3B  
 0.3B  
 0.2B  
 0.2B  

 2.0B  
 4.0B  
 6.0B  
 8.0B  
 10.0B  
Deep Tech
...in combination with
Data analytics
Medical healthcare
Fintech
Security
Telecom
Gaming
Marketing
Content
Advertising
Home
Education
Back office
Fashion
Travel
Similar investment 
in hardware and 
SaaS models 
(within Deep Tech)
Medical, fintech, security 
are the top verticals 
related with
Telecom mainly in 
relation to IoT and 
Gaming in relation to 
AR/VR
Non-VC investments into 
deep tech advertising are 
undetected, as they are 
made from corporate 
balance sheets (e.g. 
Facebook, Google)
UK is Europe's clear leader in Deep Tech, but Israel is
still ahead by total capital deployed since 2012
Source: Dealroom.co.
Note: Europe excludes Israel.
14
 3.5B  
 3.4B  
 1.5B  
 1.3B  
 1.1B  
 0.4B  
 0.3B  
 0.2B  
 0.2B  
 0.2B  
 0.2B  
 0.1B  
 0.1B  
 0.1B  
 0.1B  
Israel
United
Kingdom
Switzerland
France
Germany
Sweden
Ireland
Netherlands
Finland
Spain
Austria
Belgium
Norway
Russia
Denmark
Venture capital investment activity by country (2012-2017 Q3)
Number of VC rounds (2012-2017Q3)
As % of all VC rounds
25% 24% 
23% 
19% 
17% 17% 16% 
15% 
14% 13% 13% 13% 13% 
11% 
9% 
839  
364  348  339  
189  
151  132  131  
94  81  73  68  51  46  40  
 1,649M  
 1,452M  
 826M  
 464M  
 363M  
 103M  
 91M  
 78M  

 400M  
 800M  
 1,200M  
 1,600M  
 2,000M  
United Kingdom
Switzerland
Israel
France
Germany
Ireland
Finland
Belgium
2012
2013
2014
2015
2016
2017E
UK taking lead in Deep Tech, but other countries on 
the rise too; France closing in by number of rounds
Source: Dealroom.co. 2017E based on 2017 to Q3 annualised.
15
Invested capital (2012-2017E)
Number of Deep Tech & AI VC rounds by country
Improbable 
$ 502M
Roivant
$ 1.1B
141  
109  
61  
52  
31  

 40
 80
 120
 160
 200
2012
2013
2014
2015
2016
2017E
United Kingdom
France
Israel
Germany
Sweden
Switzerland
UK
France
1.
Introduction to AI & Deep Tech
2.
Venture capital funding
3.
Prominent VC-backed companies and exits
4.
Key investors and corporates
Contents
Selected top European VC-funded companies
Source: Dealroom.co
17
Company
Description
Location
Total Funding
Investors
Biopharmaceutical 
company
Basel, Switzerland
 1.1B
Last round: Growth Equity
(Aug 2017)
SoftBank, Viking Global Investors, QVT Financial, Dexcel Pharma
Builds simulated worlds 
that can be used by game 
developers
London, UK
 504M
Last round: Series B        
(May 2017)
SoftBank, Horizons Ventures, Temasek Holdings, Local Globle, Conversion Capital, 
Amadeus Capital, David Rowan, Andreessen Horowitz
Developing a new 
generation of nanopore-
based electronic systems 
for analysis of single 
molecules
Oxford, UK
 328M
Last round: Growth Equity
(Dec 2016)
GT Healthcare, IP Group Plc, Woodford Investment, Odey Asset Management, Lansdowne 
Partners, Illumina, Invesco
New generation storage 
systems for enterprises
Herzliya, Israel
 296M 
Last round: Series C
(Oct 2017)
Goldman Sachs, TPG Growth, Security Growth Partners
Uses machine-learning 
technologies to provide 
access to better credit for 
the underbanked
Hamburg, Germany
 256M 
Last round: LATE VC
(May 2017)
PayU, Rakuten, International Finance Corporation, Vrde Partners, Amadeus Capital, J.C. 
Flowers & Co., HPE Growth Capital, Blumberg, Victory Capital, Point Nine, Kreos Capital, H2 
Investments, Global Funders, 10x Group, 121WATT, Digital Pioneers, HitFox Group, 
YoungBrains, Nils Henning, Sebastian Diemer, Heissam Hartmann, Felix Haas, Stefan 
Glaenzer, Micheal Brehm, Peter Thiel
Provides enterprise 
immune system 
technology for cyber 
security
Cambridge, UK
 163M 
Last round: Series D            
(Jul 2017)
Insight Venture, KKR & Co., TenEleven, SoftBank, Summit Partners, Hoxton Ventures, Talis
Capital, Invoke Capital Partners
Selected exits in European in AI and Deep Tech
Source: Dealroom.co
18
Company
Description
Location
Transaction
Acquirers
Investors who exited
Secure connectivity 
solutions for embedded 
applications
Eindhoven,
Netherlands
 42.8B
Acquisition
(Oct 2016)
Qualcomm
San Diego, CA, USA
Apax Partners, KKR, Bain Capital, Silver Lake Partners
Semiconductor 
intellectual property 
supplier
Cambridge, UK
 24B 
Acquisition 
(Jul 2016)
SoftBank
Tokyo, Japan
-
Developing advanced 
driver assistance 
systems
Jerusalem, Israel
$ 15.3B 
Acquisition
(Aug 2017)
Intel Corporation 
Santa Clara, CA, USA
Morgan Stanley, Sailing Capital, Goldman Sachs, Gandyr Group, 
GlenRock Israel, FIBI, Fidelity, Mayer's Cars and Trucks, Wellington 
Management, BlackRock, Enterprise Rent-A-Car, Delek Group, Daniel 
Gutenberg, Shmuel Harlap, Peter Neustadter
Manufacturer of
robotic systems
Berlin, Germany
 4.5B 
Acquisition
(Jul 2016)
Midea Group
Guangdong, China
-
Designer and developer 
of silicon and software 
for the consumer 
electronics market
Cambridge, UK
$ 2.1B 
Acquisition
(Oct 2014)
Qualcomm
San Diego, CA, USA
Scottish Equity Partners, Intel Capital, Mobile Internet Capital, 
LDC
Builds general-purpose 
algorithms for use in 
simulations, e-
commerce applications, 
and games
London, UK
 400M
Acquisiton
(Jan 2014)
Google
Mountain View, CA, USA
Horizon Ventures, Founders Fund
Machine learning based 
approaches for visual 
processing on web, 
desktop and mobile
London, UK
$ 150M
Acquisiton
(Jun 2016)
Twitter
San Francisco, CA, USA
Octopus Ventures, Balderton Capital, 7percent Ventures, 
Entrepeneur First
presentation continues on next page
Click here to 
explore Deep Tech 
exits!
1.
Introduction to AI & Deep Tech
2.
Venture capital funding
3.
Prominent VC-backed companies and exits
4.
Key investors and corporates
Contents
Most active VC investors in European AI & Deep Tech
VC Investor
Location
European deep tech portfolio companies
Exits
Paris, France
Joshfire, FabZat, Admedo, Viewsy, Finexkap, VideoStitch, Sqreen, Hoard, Obvious Engineering, Geenapp, 
Fred's Accounting, Whally, Visiblee, Camera 51, Reminder, DICE, Smart Me Up, Reach Robotics, Aiden, 
Recast.AI, Sensibo, Doctrine, sourced, Doctrine, Salezeo, Aniyways, Crowd Process, Gorgias, Riminder
-
Bonn, Germany
ItemBase, p3dsystems, ParkTAG, Bitstars, Bionic Robots, uberMetrics Technlogies, coModule, Venneos, 
Compositence, Somonic, NUIA, Data Virtuality, Multiphoton Optics, POSpulse, Cuculus, Pulsar 
Photonics,SE.M.LABS, Magazino, ReActive Robotics, Raumfeld, Moberries, SOTA Solutions, Evaly
Versus, Gestigon, Enshape
Paris, France
Snips, Adnow, Netatmo, Parrot, Dictanova, Ween, Smart Me Up, E.Sensory, Pkparis, Equisense, Crosscall, 
MilleursAgents.com, InnerSense, Actility, Pandascore, Marbotic, Balyo, EOS imaging, Delair-Tech, VEKIA, 
Bioserenity, Wandercraft, CardioLogs
WiThings
LocalGlobe
London, UK
Echobox, Improbable, Statustoday, Lingumi, Dronomy, Signal Media, Bd4travel, ASI, Streetbees, Vinaya, 
Riskifield, Old St Labs, Cleo AI, Thread, skimlinks, CheckRecepient, Beamery, Furhat Robotics
-
Hong Kong, HK
Aniyways, Everything.me, Meteo-Logic, Mishor3D, NanoSpun, Windward, Teralytics, Jobspotting, Summly, 
Improbable
DeepMind, Crosswise, Spotify
London, UK
Duedil, GoSquared, Pusher, EyeEm, GoCardless, OpenSignal, Narrative, Digital Shadows, Tray, Limejump, 
Ravelin, Prowler.io, wireWAX, Reach Robotics
-
London, UK
aiHit, XMOS, artimi, Kreditech, Ravelin, Five AI, Prowler.io, Graphcore, CheckRecipient, Exonar, Improbable, 
Synthace Limited
VocalIQ
Source: Dealroom.co
21
Top U.S. corporate investors in European Deep Tech
Corporate
Location
European deep tech investments & acquisitions 
Exits
Santa Clara, USA
NUIA, CGTrader, DiBcom, Movea, Fortscale, OrCam, Silicon Hive, Envara, Sckipio Technologies, 
Parallel Machines, Stratoscale, ProGlove, Panoply, W.S.C. Sports, Chronocam, Ascending 
Technologies, ProGlove, Infineon Technologies, Yogitech, MAVinci, Medopad, CoFluent Design
Layar, Imagination 
Technologies, Aldebaran 
Robotics, Jordan Valley 
Semiconductors
Cupertino, USA
Acunu, Metaio, VocalIQ, faceshift, RealFace, Regained, PrimeSense
Imagination Technologies
San Diego, USA
CSR, Wilocity, Cubic Telecom, Skysense, Reach Robotics, Scyfer, Solenica, NXP Semiconductors, 
Wilocity, Blippar, Fotokite, OpenSignal
-
Redmond, USA
SwiftKey, Solair, Opuscope, Hexadite, Onfido, Airobotics, SAM Labs, Neura, CommonSense
Robotics, Genoox, Knowmail, Siemplify, W.S.C. Sports, Cognisess, AttachingIT, ArtGuru, Bepleez
-
Mountain View, USA
DeepMind, MoodStocks, DFKI, AIMatter, Resolution Games, Hark, Dark Blue Labs, Vision 
Factory, Blockchain
-
San Jose, USA
Worldsensing, Actility, EVRYTHNG, Adbrain, Veniam
-
Seattle, USA
Musaic, Invoxia, Oco, NICE, Liquavista, Evi, Cloud 9
-
Source: Dealroom.co
22
Top European corporate investors in AI & Deep Tech
Source: Dealroom.co
23
Corporate
Location
European deep tech investments & acquisitions 
Exits
Munich, Germany
Tado, ParkTAG, Pyreos, Panoratio, Wirescan, Sternico, Magazino, Enstorage, TASS 
International
CyActive
Stuttgard, Germany
Graphcore, Actility, Robart, Modcam, Chronocam, Unispectral, Aimotive, AdasWorks, 
Utilight, ParkTag, Pebbles Interfaces, Ignuazio, Optomed, IntrinsicID
-
Frankfurt, Germany
Micropelt, Cuculus, Augmentation Industries, Trinckle, ParkTAG, Confovis, ClickWorker
BigRep
Montrouge, France
EOS Imaging, Ween, FabZat, Enerbee, HiKob, 3DRudder, Pixyl, Kleuster, Usitab, 
Pyntheas Technologies
DiBcom
Cambridge, UK
Jukedeck, Audio Analytic, GeoSpock, Prowler.io, Cambridge Medical Robotics
-
Paris, France
Actility, AwoX, Equisense, Smartly.ai, AccelaD
CoFluent Design
Worblaufen, Switzerland
Ava, Sophia Genetics, PIQ, Insightness, Actility
-
What Europe's most prominent investors are doing
VC investor
Prominence 
rank (1)
Country
European deep tech portfolio companies
Exits
1st
UK
Collibra, artimi, DataBerries, Kayrros, Beamery, BERG Cloud, EDITED
SwiftKey, Alert Me
2nd
Germany
Loop Me, Zeitgold
-
3rd
UK
GoCardless, Furhat Robotics, Sophia Genetics, ComplyAdvantage, 3D Hubs, 
Thread, The curios AI company, Sketchfab
Magic Pony Technology, RTT 
(Realtime Technology), 
Natural Motion
4th
Sweden
Aidence, FishBrain, Supponor, FUSE, Spotify
VisualDNA, Spotify
5th
Switzerland
Five AI, Seerene, Teralytics, GoEuro, Lookback, Blockchain, ShapeShift, 
Spotify
Spotify
6th
USA
GoCardless, CheckRecipient, Celonis, KnC Miner, ClusterHQ, Fantasy 
Shopper, artimi, Spotify
Pontis, SwiftKey, 
SuperDerivatives, Spotify
7th
Germany
Tink Gmbh
-
8th
Israel
CoolaData, Siemplify, Logz.io, Celeno, Celonis, Growth Intelligence
Telit Wireless Solutions
Source: Dealroom.co
1. Dealroom's Prominence Rank is a global rank of VCs ranked by their level of activity and track-record (major exits) in Europe. 
The full Prominence Rank and background info available on: https://app.dealroom.co/most-prominent-investors
24
Visit us on dealroom.co for more information
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