The ‘FCF DeepTech Series’ is a quarterly series of reports tracking European venture capital funding trends within four main DeepTech verticals. We highlight deal counts, volumes, investor interests, subsector trends, geographic hotspots, IPO activity as well as M&A / trade sale activity. Each quarter one of the four verticals – CleanTech, Advanced Manufacturing, Industrial Internet of Things (IIoT) and Robotics – is examined individually.
Each report is a quick reference for investors, corporates and professionals for the funding trends within the respective vertical.
FCF ADVANCED MANUFACTURING VENTURE CAPITAL REPORT



This edition of the ‘FCF DeepTech Series’ focuses on VC funding developments within the European Advanced Manufacturing vertical.
The European Advanced Manufacturing vertical has been split into four main subsectors:
- Additive Manufacturing
- Robotic Automation
- Sensors and IoT Platforms
- Industrial Process Software
- The Advanced Manufacturing venture capital sector continues to grow moderately: Investments in startups in the relevant Advanced Manufacturing sub-sectors have increased from approx. €539 million in 2020 to approx. €558 million in 2021 and already amounted to €529 million in Q1/22, largely driven be the €295m mega-deal from Exotec
- Advanced Manufacturing continues to evolve: The number of deals has been steadily decreasing since 2019, while the average size of a funding round has multiplied from c. €1.7m in 2019 to €3.4m in 2021 and €24.8m in Q1/22. This growing share of later-stage financing indicates a higher maturity of the sector and its companies.
- The UK is the leading country for Advanced Manufacturing investments by number of deals, while France ranks first by deal volume with €596m. The French volume is mainly attributable to Exotec.
- The Robotic Automation & Additive Manufacturing sectors attract the highest funding:, With a deal volume of approximately €1 billion, the Robotic Automation sector leads the way, driven by megadeals from France’s Exotec. The Additive Manufacturing sector follows with €690 million, led by the Irish ProVerum. Other large funding rounds were closed by Actility, Blue Ocean Robotics, Automata and ProGlove.
- In addition to the various EU vehicles, Innovate UK, Enterprise Ireland and Plug-and-Play were the three most active investors by number of deals, closely followed by German accelerator High-Tech Gründerfonds.
- The largest M&A exit was made by 3D Hubs: The Dutch 3D printing company was bought by the US company Protolabs for €285 million.
DEEPTECH RESEARCH SERIES
The “FCF DeepTech Series” is a quarterly series of reports tracking European venture capital funding trends within four main DeepTech verticals. We highlight deal counts, volumes, investor interests, subsector trends, geographic hotspots, IPO activity as well as M&A / trade sale activity.
Each quarter one of the four verticals – Cleantech, Advanced Manufacturing, Industrial Internet of Things (IIoT) and Robotics – is examined individually.
Each report is a quick reference for investors, corporates and professionals for the funding trends within the respective vertical.
Cleantech Venture Capital Report
European VC Funding trends, IPO and M&A activity in the CleanTech sector
Advanced Manufacturing Venture Capital Report
European VC Funding trends, IPO and M&A activity in the Advanced Manufacturing sector
Industrial Internet of Things Venture Capital Report
European VC Funding trends, IPO and M&A activity in the IIoT sector
Robotics Venture Capital Report
European VC Funding trends, IPO and M&A activity in the Robotics and Drones sector
NEWS & PRESS

FCF CleanTech Venture Capital Report – 2023 published
FCF Fox Corporate Finance GmbH is pleased to publish the “CleanTech Venture Capital Report – 2023”. This edition of the “FCF DeepTech Series” focuses on VC funding developments within the European Cleantech vertical. This vertical

FCF is sponsor of the 7th ECP on February 23-24, 2022 in Düsseldorf, Germany
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FCF Industrial Internet of Things Venture Capital Report – 2022 published
FCF Industrial Internet of Things Venture Capital Report 2022 FCF Fox Corporate Finance GmbH is pleased to publish the new “Industrial IoT Venture Capital Report – 2022”. The report is part of the “FCF DeepTech

FCF at the Tech Tour Sustainability22 in Essen/Germany on 23 November 2022
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