The EIT Digital Challenge is Europe’s flagship Deep Tech competition for fast-growing digital scaleups, and a win represents a significant milestone for scaleups to grow and expand internationally. The challenge covers a wide variety of topics ranging from Digital Finance, Digital Tech, and Digital Wellbeing to Digital Cities and Digital Industry.
Apply for the Challenge today for your chance at:
- A spot in the Challenge Final Event during the EIT Grow Digital conference
- One full year of international growth support worth €50,000
- Introductions to international investors for 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 now internationally successful companies. Will you be next? There’s only one week left till the applications close. Don’t miss your chance – APPLY right away!
Let’s dive into the success stories of a couple of European scaleups — and how 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 company then secured a €20 million financing round led by Crédit Mutuel Equity via its two subsidiaries, Crédit Mutuel Equity Germany and Crédit Mutuel Innovation. Additionally, ADVITOS received funding from the European Union’s European Innovation Council (EIC) Fund as 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 have been lucky in taking advantage 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 kind 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 accelerate 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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