IBERIAN LAWYER’s Post

In a world full of challenges, deeptech startups are emerging as a new wave of innovation. This area of business and research, harness advanced science and technology to address complex, global problems with disproportionate impact. Poverty and inequality; resource scarcity; physical and mental health; climate change; privacy and cybersecurity; and freedom and sovereignty are just some of them. In Europe in 2023, funding for these deep tech companies remained at the same level as in 2022, while investment in the rest of European tech was significantly lower, according to Dealroom.co’s European DeepTech Report. Specifically, Spain ranks eighth at the European level in terms of receiving venture capital funds, with a total of $310 million. An example of this, is the venture capital manager Big Sur Ventures, which has firmly committed to investing in deeptech, as a leader or as a shareholder, in startups such as Paack (last round of 200 million euros in January 2022), a company dedicated to ecommerce parcel delivery, or Truckster (last round of 33 million euros in July 2023), a technology transport operator. With the launch of investment vehicles, the latest with a target size of €40 million, Big Sur invests in early and seed stages of such technology startups, with stakes of between €100,000 and €1 million. “The great global challenges we face, be it energy, healthcare, mobility, decarbonisation, are not going to be solved with software alone, that is obvious. We need new materials,” says José Miguel Herrero, co-founder and managing director of Big Sur. “The solutions we need for these global challenges come largely from deeptech and that’s why we are there. Read the full article >> https://lnkd.in/dZQUeHDn #IberianLawyer #technology #innovation

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