EIC Fund commitments in 2026: top ten led by EnduroSat with €34.5 million

The European Innovation Council (EIC) shared exclusive investment data with EU-Startups on the ten companies that secured the largest EIC Fund commitments between January and September 2026. eu-startups.comEU-Startupseu-startups.comOpen source ↗ Over this period the EIC made 85 investments in total. eu-startups.comEU-Startupseu-startups.comOpen source ↗ The ranking combines multiple investments in the same company, and the ten companies together account for about €224.1 million in commitments. eu-startups.comEU-Startupseu-startups.comOpen source ↗

Largest EIC Fund commitments

EnduroSat (Bulgaria), which offers satellites as a service, is first with €34.5 million signed on 17 August 2026. eu-startups.comEU-Startupseu-startups.comOpen source ↗ In September the company announced a €182 million ($205 million) round that included the EIC. eu-startups.comEU-Startupseu-startups.comOpen source ↗

Reverion (Germany), a 2022 spin-off from the Technical University of Munich developing reversible power plants that run on gases such as biogas and hydrogen, received €33.3 million across two investments in June and August. eu-startups.comEU-Startupseu-startups.comOpen source ↗ Its Series B round of €154.2 million followed in September. eu-startups.comEU-Startupseu-startups.comOpen source ↗

Pasqal (France), which builds neutral-atom quantum computers, signed almost €30 million on 30 January, while still private. eu-startups.comEU-Startupseu-startups.comOpen source ↗ It listed on Nasdaq in August 2026. eu-startups.comEU-Startupseu-startups.comOpen source ↗

Focused Energy (Germany), working on laser-driven nuclear fusion, signed almost €30 million in May and announced a €213 million ($240 million) Series A the same month. eu-startups.comEU-Startupseu-startups.comOpen source ↗ The company aims to develop a laser-fusion power plant in Biblis, Germany, in the 2030s. eu-startups.comEU-Startupseu-startups.comOpen source ↗

SMART Photonics (the Netherlands), a maker of indium phosphide photonic integrated circuits, received €25 million in May. eu-startups.comEU-Startupseu-startups.comOpen source ↗ It is taking part in a new six-inch wafer pilot line in Eindhoven. eu-startups.comEU-Startupseu-startups.comOpen source ↗

The rest of the top ten

Leyden Labs (the Netherlands), which develops nasal sprays delivering antibodies against respiratory viruses, signed almost €20 million in April. eu-startups.comEU-Startupseu-startups.comOpen source ↗ In June it closed a €40 million round. eu-startups.comEU-Startupseu-startups.comOpen source ↗

Quandela (France), a developer of photonic quantum computers, signed almost €14 million in July. eu-startups.comEU-Startupseu-startups.comOpen source ↗ In April it inaugurated the Lucy photonic quantum computer at France's CEA computing centre. eu-startups.comEU-Startupseu-startups.comOpen source ↗

AURA AERO (France), developing electric training and hybrid-electric regional aircraft, signed almost €12.5 million in March. eu-startups.comEU-Startupseu-startups.comOpen source ↗ In April it announced a €50 million Series B. eu-startups.comEU-Startupseu-startups.comOpen source ↗

Quobly (France), a CEA-Leti and CNRS spin-off building silicon-qubit quantum processors, signed almost €12.5 million in May. eu-startups.comEU-Startupseu-startups.comOpen source ↗ Its €115 million Series A was announced in June. eu-startups.comEU-Startupseu-startups.comOpen source ↗

Proxima Fusion (Germany), which develops stellarator-based fusion plants and is working towards its Alpha demonstrator, signed approximately €12.48 million in July. eu-startups.comEU-Startupseu-startups.comOpen source ↗ That month it also announced a €411 million financing round. eu-startups.comEU-Startupseu-startups.comOpen source ↗