Innovation Industries is a European deep-tech venture capital fund with ~€900m AUM that focuses on three specific verticals—Industrial Tech, MedTech, and Food & AgriTech—and employs an unusually science-heavy team with backgrounds in physics, chemistry, and engineering rather than typical business backgrounds. The fund can provide up to €50m per company and has led some of Europe's largest deep-tech financings, including Axelera AI's >$250m round, while serving as a cornerstone of the Dutch and Benelux high-tech ecosystem with backing from national actors like Invest-NL.