Observed Signal · Sep 28, 2026 · Funding · Source: EU-Startups (European Venture) · Impact: 2/5 · Sentiment: Positive
Eureka! Venture Launches €20M DeepTech Fund in Italy
Milan-based Eureka! Venture has launched Eureka! Fund II – Deep Tech Lazio, a €20 million early-stage fund investing in DeepTech startups from pre-seed through seed and other early-stage rounds. The fund is managed by Eureka! Venture, with Lazio Innova as anchor investor committing €16 million. The fund aims to support spin-offs, startups, and innovative SMEs with proprietary technologies, focusing on areas like climate change, energy transition, sustainability, advanced manufacturing, AI, and Physical AI. The fund features an innovative asymmetric profit and loss allocation mechanism to attract private investors. Eureka! Venture has raised over €190 million across multiple funds, including BlackSheep Fund for marketing and advertising software. The new fund will prioritize companies with active presence in Lazio and aims to strengthen the regional ecosystem.
This news is relevant to the European startup ecosystem and includes a fund dedicated to marketing and advertising software (BlackSheep Fund), but the primary focus is on DeepTech, which is not directly AdTech/MarTech.
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Key Takeaways & Evidence Grounding
- Eureka! Venture launched Eureka! Fund II – Deep Tech Lazio, a €20 million early-stage fund.
- Lazio Innova committed €16 million as anchor investor.
- The fund invests in DeepTech startups from pre-seed to seed and early-stage rounds.
- Eureka! Venture has raised over €190 million across multiple funds including BlackSheep Fund for marketing and advertising software.
- The fund will focus on climate change, energy transition, advanced manufacturing, AI, and Physical AI.
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European VCs Raise Funds for Climate and Water Startups
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