The EIT Digital Challenge is Europe’s flagship Deep Tech competition for fast-growing digital scaleups, and a win represents a major milestone for scaleups to grow and expand internationally. The challenge covers a wide selection of topics starting from Digital Finance, Digital Tech, and Digital Wellbeing to Digital Cities and Digital Industry.
Apply for the Challenge today in your probability at:
- A spot within the Challenge Final Event throughout the EIT Grow Digital conference
- One full yr of international growth support value €50,000
- Introductions to international investors in your Series A & B rounds
- Guidance on market readiness & strategy
- Access to EIT Digital’s pan-European innovation network
- International visibility through EIT Digital communication channels
Since its launch in 2014, the EIT Digital Challenge has crowned nearly 100 winning scaleups and most of them are actually internationally successful corporations. Will you be next? There’s just one week left till the applications close. Don’t miss your probability – APPLY immediately!
Let’s dive into the success stories of a few European scaleups — and the way EIT Digital has supported them.
EIT Digital Helped German Scaleup ADVITOS Raise €20M Funding for its Multi-organ Failure Therapy Solution
The EIT Digital Accelerator supported Munich-based HealthTech scaleup, ADVITOS, during its fundraising with dedicated coaching and targeted introductions to a hand-picked pool of investors.
The corporate then secured a €20 million financing round led by Crédit Mutuel Equity via its two subsidiaries, Crédit Mutuel Equity Germany and Crédit Mutuel Innovation. Moreover, ADVITOS received funding from the European Union’s European Innovation Council (EIC) Fund as a part of the EIC Accelerator Pilot blended finance program.
ADVITOS offers a highly technological solution for treating multiple organ failure
Catherine Schreiber, Co-founder of ADVITOS, says, “We’ve been lucky in making the most of the fundraising program offered by EIT Digital, and valued the expertise, persistence and outreach that the EIT Digital Accelerator team has offered to us. Providing this type of highly competent hands-on fundraising support is a strongly needed and highly effective measure to secure and enable scaling of European deep tech innovations.”
French PropTech Scaleup Homeland Raises €9M in Series A Funding with EIT Digital’s Support
In 2021, EIT Digital Accelerator actively supported the French scaleup Homeland — coordinating their fundraising effort, which generated strong interest from multiple investors across Europe. This resulted in a €9 million series A funding. The fundraising includes commitments from Reflexion Capital and CDC Banque des Territoires, and Homeland’s historical investor Newfund.
Frédéric Remeur, CEO & Co-founder of Homeland says, “EIT Digital team provided us with strong support by identifying and contacting potential investors throughout Europe.”
The funding has enabled Homeland to speed up market expansion, deploy its platform across Europe, and boost product development. After its success in France, Homeland has big plans to grow internationally.
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