# Innovation Industries: portfolio, investments and team

> Innovation Industries is a vc firm based in Netherlands. 44 investments on record, 13 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/innovation-industries (Millionrounds; every figure on the page links to its filing or article)

Netherlands · [Investor](https://millionrounds.com/investors)

# Innovation Industries

Last cheque observed Oct 2026; 44 cheques on record.

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Deploying now VC firm

Pre-seed Seed Series A Ip Patent Intellectual Property

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Deploying now

**81%** of best year **13** **cheques in 12 months**, 44 on record

Since the last cheque **10** days **00** hrs **00** min **00** sec

Median round **$16M** Cheque size, as they say **$1.0M – $30M** Rounds led **6 of 44** Sole investor **4 rounds** Mostly in **Netherlands, 87%**

Pitch Innovation Industries

## Innovation Industries highlights

- 01 13 cheques in the last 12 months
- 02 Mostly Venture and Series A: 45% of its rounds
- 03 Sole investor in 4 rounds, median $3.5M

## What they do

> Innovation Industries is a European venture capital fund investing in impactful deep tech. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $30M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO
- **Sectors:** Ip Patent Intellectual Property
- **Based in:** Amsterdam, Netherlands
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **44 appearances**

- **2026** 12 rounds
- **Oct** **[Photon Bridge](https://millionrounds.com/company/photon-bridge)** Series A · NL · Tech.eu **$11M** With 4 others
- **Sept** **[Morphotonics](https://millionrounds.com/company/morphotonics)** Series B · NL · TechCrunch **$46M** With 6 others
- **Sept** **[EUCLYD](https://millionrounds.com/company/euclyd)** Series A · NL · TechStartups **$231M** *Led*
- **Aug** **[VitalFluid](https://millionrounds.com/company/vitalfluid)** Series A · NL **$20M** With 2 others
- **Jun** **[Nearfield Instruments](https://millionrounds.com/company/nearfield-instruments)** Series D · NL · Ventureburn **$380M** With 8 others
- **May** **[eyeo](https://millionrounds.com/company/eyeo)** Series A · NL · Ventureburn **$47M** *Led*
- **Apr** **[Smart Robotics](https://millionrounds.com/company/smart-robotics)** Series A · NL · Ventureburn **$12M** With 3 others
- **Apr** **[Groove Quantum](https://millionrounds.com/company/groove-quantum)** Venture · NL **$12M** With 2 others
- **Feb** **[Axelera AI](https://millionrounds.com/company/axelera-ai)** Series C · NL · TechStartups **$250M** *Led*
- **Jan** **[Salvia](https://millionrounds.com/company/salvia)** Series B · NL · SHS Capital **$60M** *Led*
- **Jan** **[Orbem](https://millionrounds.com/company/orbem)** Series B · DE **$65M** With 4 others
- **Jan** **[ViCentra](https://millionrounds.com/company/vicentra)** Series D · NL **$13M** With 1 other
- **2025** 13 rounds
- **Dec** **[SandGrain](https://millionrounds.com/company/sandgrain)** Series A · NL **$16M** With 1 other
- **Sept** **[ViCentra](https://millionrounds.com/company/vicentra)** Growth · NL · Silicon Canals **$85M** *Led*
- **Sept** **[Revyve](https://millionrounds.com/company/revyve)** Series B · NL **$28M** With 2 others
- **Jul** **[Carbyon](https://millionrounds.com/company/carbyon)** Series A · NL · Silicon Canals **Undisclosed** With 4 others
- **Jul** **[EFFECT Photonics](https://millionrounds.com/company/effect-photonics)** Series D · NL · Silicon Canals **$24M** With 2 others
- **Jul** **[BeeOLED](https://millionrounds.com/company/beeoled)** Grant · DE **$2.9M** With 1 other
- **Jul** **[Groove Quantum](https://millionrounds.com/company/groove-quantum)** Seed · NL **$8.9M** With 2 others
- **Jun** **[Arycs Technologies](https://millionrounds.com/company/arycs-technologies)** Series D **$24M** With 2 others
- **May** **[Salvia BioElectronics](https://millionrounds.com/company/salvia-bioelectronics)** Series B · NL · Thuja Capital **$60M** *Led*
- **May** **[FononTech](https://millionrounds.com/company/fonontech)** Seed · NL **$9.5M** With 3 others
- **Apr** **[Phosphoenix](https://millionrounds.com/company/phosphoenix)** Debt · NL **$342K** Sole investor
- **Feb** **[CarbonX](https://millionrounds.com/company/carbonx)** Venture · NL **$5.2M** With 2 others
- **Jan** **[PHOTON IP](https://millionrounds.com/company/photon-ip)** Seed · NL **$4.9M** With 3 others
- **2024** 8 rounds
- **Nov** **[Protealis](https://millionrounds.com/company/protealis)** Grant · BE **$1.3M** With 1 other
- **Oct** **[Alquion](https://millionrounds.com/company/alquion)** Venture · NL **Undisclosed** With 1 other
- **Oct** **[Battolyser Systems](https://millionrounds.com/company/battolyser-systems)** Venture **Undisclosed** With 1 other
- **Sept** **[Morphotonics](https://millionrounds.com/company/morphotonics)** Series B · NL **$11M** With 2 others
- **Jul** **[Pharrowtech](https://millionrounds.com/company/pharrowtech)** Venture · BE **$5.4M** With 1 other
- **Jul** **[Nearfield Instruments](https://millionrounds.com/company/nearfield-instruments)** Series C · NL **$147M** With 1 other
- **Feb** **[LionVolt](https://millionrounds.com/company/lionvolt)** Venture · NL **$16M** With 1 other
- **Jan** **[Onera Health](https://millionrounds.com/company/onera-health)** Series C · NL **$33M** With 2 others
- **2023** 5 rounds
- **Sept** **[Microsure](https://millionrounds.com/company/microsure)** Series B · NL **$41M** With 2 others
- **Sept** **[MantiSpectra](https://millionrounds.com/company/mantispectra)** Seed · NL **$2.1M** With 1 other
- **Jul** **[Aphea.Bio](https://millionrounds.com/company/aphea-bio)** Series C · BE **$77M** With 2 others
- **Jul** **[SMART-Photonics](https://millionrounds.com/company/smart-photonics)** Grant · NL **$67M** With 1 other
- **Jun** **[Aito](https://millionrounds.com/company/aito)** Venture · NL **$6.5M** With 1 other
- **2022** 3 rounds
- **Nov** **[SparkNano](https://millionrounds.com/company/sparknano)** Seed · NL **$5.4M** Sole investor
- **Sept** **[IamFluidics](https://millionrounds.com/company/iamfluidics)** Venture · NL **$4.0M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **23** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Nvp

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Pre-seed Seed Series A

Median round joined **$16M** the round, not its cheque Alone, median **$3.5M**

Led 6 of 44 rounds **14%**

- **Said size:** $1.0M – $30M
- **Sole investor:** 4 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Venture *9*
- Series A said *8*
- Series B said *7*
- Seed said *6*
- Series C *4*
- Series D *4*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) 14
- [BOM](https://millionrounds.com/fund/bom) 10
- [Invest-NL](https://millionrounds.com/fund/invest-nl) 6
- [Brabant Development Agency (BOM)](https://millionrounds.com/fund/brabant-development-agency-bom) 3
- [EQT Life Sciences](https://millionrounds.com/fund/eqt-life-sciences) 3
- [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) 3

**Pitching Innovation Industries?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Innovation Industries. A count of rooms they were both in, not a relationship either has claimed.

[**EIC Accelerator** Government **14** rounds together](https://millionrounds.com/fund/eic-accelerator)[**BOM** VC firm **10** rounds together](https://millionrounds.com/fund/bom)[**Invest-NL** Private equity **6** rounds together](https://millionrounds.com/fund/invest-nl)[**Brabant Development Agency (BOM)** VC firm **3** rounds together](https://millionrounds.com/fund/brabant-development-agency-bom)[**EQT Life Sciences** VC firm **3** rounds together](https://millionrounds.com/fund/eqt-life-sciences)[**European Investment Bank** Government **3** rounds together](https://millionrounds.com/fund/european-investment-bank)[**B2venture** VC firm **2** rounds together](https://millionrounds.com/fund/b2venture)[**EIC Fund** VC firm **2** rounds together](https://millionrounds.com/fund/eic-fund)[**EISMEA** Investment firm **2** rounds together](https://millionrounds.com/fund/eismea)[**Faber** VC firm **2** rounds together](https://millionrounds.com/fund/faber)[**OostNL** VC firm **2** rounds together](https://millionrounds.com/fund/oost-nl)[**Qbic Fund** VC firm **2** rounds together](https://millionrounds.com/fund/qbic-fund)

## Recently backed

The latest companies Innovation Industries put money into.

[**Morphotonics** $46M · Sept 2026](https://millionrounds.com/company/morphotonics)[**EUCLYD** $231M · Sept 2026](https://millionrounds.com/company/euclyd)[**VitalFluid** $20M · Aug 2026](https://millionrounds.com/company/vitalfluid)[**Nearfield Instruments** $380M · Jun 2026](https://millionrounds.com/company/nearfield-instruments)[**eyeo** $47M · May 2026](https://millionrounds.com/company/eyeo)[**Smart Robotics** $12M · Apr 2026](https://millionrounds.com/company/smart-robotics)

## Quick answers about Innovation Industries

### What does Innovation Industries invest in?

Innovation Industries invests most often at Venture and Series A (45% of the rounds on record), in sectors such as Ip, Patent and Intellectual Property.

### How active is Innovation Industries?

44 investments on record, 13 of them in the last 12 months, and it led 6. The most recent was in Oct 2026.

### What has Innovation Industries invested in recently?

Its most recent investments on record: Photon Bridge (Series A, Oct 2026), Morphotonics (Series B, Sept 2026) and EUCLYD (Series A, Sept 2026).

### How big are Innovation Industries's cheques?

The median round it joins is $16M. It says it writes cheques of $1.0M to $30M.

### Does Innovation Industries lead rounds?

Sometimes: it led 6 of its 44 investments on record (14%).

### Where does Innovation Industries invest?

Most of the companies it backs are in the Netherlands (87%), Belgium (8%) and Germany (5%).

### Is Innovation Industries investing now?

Yes: it is actively investing, with 13 investments in the last 12 months.

### Who does Innovation Industries invest alongside?

Most often EIC Accelerator (14 rounds together), BOM (10 rounds together) and Invest-NL (6 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=innovation-industries) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=innovation-industries)