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Investments

573

Portfolio Exits

11

About EIC Accelerator

EIC Accelerator (previously SME Instrument) is part of the European Innovation Council (EIC) pilot that supports top-class innovators, entrepreneurs, and small companies with funding opportunities and acceleration services. The main focus of the accelerator is on market-creating innovations that shape new markets and generate jobs, growth, and higher standards of living. It is based in Brussels, Belgium.

Headquarters Location

Place Charles Rogier, 16

Brussels, 1210,

Belgium

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Latest EIC Accelerator News

Carbominer Secured €1.5M Grant From EIC Accelerator

Feb 15, 2024

Carbominer Secured €1.5M Grant From EIC Accelerator Last week Carbominer signed the Grant Agreement with the EIC Accelerator Fund. With this formal action, Carbominer secured a €1.5 Million grant and is eligible for up to €7.5 Million in equity at the later stages of the project. EIC Accelerator is one of the biggest funding opportunities in Europe supporting innovative startups and high-risk small and medium-sized businesses that might contribute to rapid economic growth and sustainability transition. One of the awardees of the last batch was Carbominer, a climate tech startup founded in 2020 by a Ukrainian innovator with an engineering and corporate background Nick Oseyko. The technology developed by Carbominer allows to capture carbon dioxide from the atmosphere (Direct Air Capture). The team firmly believes that CO₂ is a valuable feedstock rather than a dangerous waste and can bring good use for various types of customers around the globe. The first focus area where the team aims to make an impact is Indoor Agriculture. The vision driving the team is to enable more sustainable and efficient food production by supplying green atmospheric CO2 to indoor farmers. The whole project funded by EIC Commission is dedicated to bringing DAC technology to commercialisation. This includes technology scaling to 50 and 250 tons per year DAC machines, pre-commercialisation activities with European vertical farms and smart greenhouses and establishing a DAC-unit production line within the next 4 years. Ukraine is steadily gaining momentum to showcase its full innovation potential on the international scene. Across all the types of EIC funding programs, already 20 Ukrainian innovative projects received financing over the last decade. Carbominer is the second Ukrainian startup to receive financing under the new EIC Accelerator program, operational since 2021. Now the team is negotiating the late seed raise to complement the EIC Accelerator funding and aims to close the round during spring. _____________________ ABOUT CARBOMINER Carbominer is a modular Direct Air Capture technology provider from Ukraine. The main product offering is the sustainable CO₂ captured from the open air. With this fossil-free CO₂, farmers can sustainably promote crop yield by 30% in their greenhouse or vertical farm. Up to date, Carbominer secured funding of exactly $1 Million in equity investment from Ukrainian fund SMRK.vc and Swiss Business Angel. For more details visit carbominer.com or the company’s page on LinkedIn . ABOUT EIC ACCELERATOR The EIC Accelerator offers start-ups and SMEs grants of up to €2.5 million combined with equity investments through the EIC Fund up to €15 million. In addition to financial support, all projects benefit from a range of Business Acceleration Services that provide access to leading expertise, corporates, investors and ecosystem actors. Each year around 3000 startups and SMEs apply for funding from the EIC Accelerator, and the average success rate from the first short submission to awarding is around 7%. Since its launch in 2021, EIC Accelerator has seen a high level of demand by startups and SMEs, receiving in total more than 10,000 applications and investing in around 500 projects. { source , source } For more details visit

EIC Accelerator Investments

573 Investments

EIC Accelerator has made 573 investments. Their latest investment was in Carbominer as part of their Grant - II on February 14, 2024.

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EIC Accelerator Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/14/2024

Grant - II

Carbominer

$1.6M

No

2

1/30/2024

Corporate Minority

Sakowin

$4.33M

No

Undisclosed Investors, and Vol-V

4

1/17/2024

Grant

QphoX

Yes

1

12/21/2023

Seed VC

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$99M

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10

11/27/2023

Grant

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$99M

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10

Date

2/14/2024

1/30/2024

1/17/2024

12/21/2023

11/27/2023

Round

Grant - II

Corporate Minority

Grant

Seed VC

Grant

Company

Carbominer

Sakowin

QphoX

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Amount

$1.6M

$4.33M

$99M

$99M

New?

No

No

Yes

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Subscribe to see more

Co-Investors

Undisclosed Investors, and Vol-V

Sources

2

4

1

10

10

EIC Accelerator Portfolio Exits

11 Portfolio Exits

EIC Accelerator has 11 portfolio exits. Their latest portfolio exit was Recresco on December 20, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/20/2023

Acquired

$99M

1

10/13/2023

Acquired

$99M

2

10/4/2023

Corporate Majority

$99M

5

8/7/2023

Acquired

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$99M

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10

6/23/2023

Acquired

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$99M

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10

Date

12/20/2023

10/13/2023

10/4/2023

8/7/2023

6/23/2023

Exit

Acquired

Acquired

Corporate Majority

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

1

2

5

10

10

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