Deep tech investor Elaia has announced the first closing of its fifth Digital Venture Fund (DV5) at €120 million – reaffirming its mission to back enduring, IP-driven ventures shaping the future of European technology.
Building on more than two decades of experience scaling disruptive startups, DV5 supports founders developing foundational technologies and category-defining solutions.
The fund invests from Pre-Seed to Series B with tickets ranging from €1 million to €15 million across European B2B tech. Its focus spans AI, cybersecurity, Techbio and industrial innovation, reflecting Elaia’s long-standing belief that European tech can compete globally.
The first close highlights continued investor confidence following the firm’s four previous Digital Venture funds. Portfolio successes including Mirakl, Shift Technology, Vibe.co, iBanFirst, HarfangLab, Dexory and SeqOne demonstrate Elaia’s ability to identify breakthrough innovation early and help transform it into market leadership.
Zurich-based Mimic Robotics, a physical AI company applying Artificial Intelligence to robotics, marks DV5’s first investment. The move underscores the fund’s ambition to support transformative technologies emerging from Europe’s leading hubs.
DV5 received renewed backing from historical partners and new investors including Bpifrance, MACSF, BNP Paribas, SMABTP, Arundo Re and Groupe AG2R LA MONDIALE. Support from Lazard Frères Gestion was instrumental in completing the first close.
With DV5, Elaia aims to continue building resilient high-growth companies that define Europe’s next generation of technology leaders.
