The Venture Codex Logo

The Venture Codex

European Innovation Council

Boulevard Simon Bolivar 34, Brussels, Brussels Hoofdstedelijk Gewest, 1000, Belgium

Overview

The European Innovation Council aims to support top-class innovators, entrepreneurs, small companies, and researchers with bright ideas. The EIC co-invests alongside private investors in early-stage startups that have ESG impacts.

Total investments
214
Lead investments
122
Investments · 12mo
64
Active investors
11

Sector focus

  • Government
  • Office Administration
  • Social Entrepreneurship
Visit website

Investment portfolio

  • Xeltis

    Participated · Equity · Jul 2026

    Xeltis develops implantable vascular and cardiovascular devices based on its Restorex® platform, which uses an advanced polymer implant that transforms into the patient’s own tissue and is gradually absorbed. Its lead product, aXess™, is an implantable blood vessel for hemodialysis vascular access that has received CE Mark approval and is being commercially deployed in Europe. The company is enrolling a US pivotal trial of aXess™ (now >50% enrolled) and is preparing for FDA submission and a US market launch. Xeltis plans to use recent funding to support European commercial rollout, upscale manufacturing and advance its XABG and XPAD clinical programs. Financially, the company raised €50m in 2025 from the European Investment Bank and existing shareholders and added €20.5m in 2026 from new and existing investors to fund its next phase of clinical, regulatory and commercial execution.

  • Sentity AI

    Led · Grant · Jul 2026

    Sensity AI builds deepfake detection technology with an emphasis on forensic validity, aiming to produce reports usable by law enforcement and intelligence professionals. The company says its approach decouples learning of forensic features from generator-specific classification to improve resilience against new synthetic-media generation techniques. Sensity targets customers such as law enforcement, forensics labs and governments and emphasizes its role in addressing widespread deepfake fraud — citing that 75% of all businesses experienced deepfake fraud in 2025. Its product positioning highlights real-time analysis in resource-constrained environments and a forensic engine intended for evidentiary use. The firm is headquartered in Amsterdam and describes itself as a proudly European company. Sensity recently closed a $2.1 million round led by Auriga Cyber Ventures with participation from Betaworks Ventures and European angels, and now adds €4.9 million in EIC blended funding to support product development and expansion.

  • Orbital Matter

    Led · Grant · Jul 2026

    Orbital Matter is developing in-orbit manufacturing and assembly technology to produce larger solar-panel structures once a satellite is in space, addressing power needs of future megawatt-class constellations and orbital data centers. The company argues that in-space fabrication removes the size constraints imposed by launch vehicle payload volumes. It recently flew a technology demonstrator in orbit, a milestone preceding commercialization. Orbital Matter received a €500,000 grant from the European Innovation Council via the Horizon Europe EIC Pre-Accelerator to advance development and commercialization. The company’s immediate plan is to convert its demonstrator technology into an operational product for the market. The article did not disclose revenue, user metrics, founding year, or location.

  • Syntetica

    Participated · Series A · Jul 2026

    Syntetica has developed a novel approach to recycling two hard-to-separate nylons—Nylon 6 and Nylon 6,6—into pellets that can be used by manufacturers to make yarn. The company was co-founded by CEO Marco Bertone and chemistry researcher Louis Monsigny and has built early industrial partnerships, including with Michelin’s Centre for Sustainable Materials and apparel makers such as Lululemon, Victoria’s Secret and Etam. Syntetica does not produce finished textiles itself; instead it supplies recycled pellets to downstream manufacturers like MAS Holdings. The startup has received public backing from Bpifrance’s Ecotechnologies 2 fund and support from the European Innovation Council alongside private investors including EQT Ventures and SWEN Capital Partners. With its Series A funding, Syntetica aims to demonstrate production at the scale of hundreds of tons per year and then expand by building facilities near waste sources and textile production hubs. The team has added technical leadership and industry advisors to support scaling and commercialization.

  • e-peas

    Participated · Equity · Jul 2026

    Founded in 2014 and headquartered in Louvain-la-Neuve, e-peas develops and markets ultra-low-power semiconductor technology that enables devices to operate from ambient energy sources such as light, RF, vibration, and heat. Its product portfolio includes energy-harvesting power management ICs, microcontrollers, and sensor solutions backed by about 15 years of research and patented IP. The company says its solutions power high-volume applications including solar-powered remote controls, HVAC systems, cameras, and smart tracking devices for global customers. e-peas aims to extend battery lifespans and eliminate battery replacements for industrial and IoT device designers. Financially, the company has raised multiple rounds including €8 million in 2020, €17.5 million in March 2024, and the recent €19.2 million round to support commercial scaling and international expansion. The firm also maintains offices in Switzerland and the USA.

Team