Innovation Industries

Innovation Industries, established in 2017, is a Dutch venture capital firm that invests in early-stage, high-tech, med-tech, and agri-foodtech companies. Based in Amsterdam, the firm manages multiple funds, including Innovation Industries Fund I, II, and III, with a focus on the Netherlands market. They provide capital up to EUR 25 million, typically taking minority stakes. Innovation Industries is known for its hands-on approach, actively supporting portfolio companies to strengthen their value proposition, accelerate time-to-market, and forge global strategic partnerships. The firm aims to be more than just a financial investor, acting as a partner to entrepreneurs and other stakeholders, helping to create and grow ventures.

Caaj Greebe

Partner

Caaj Greebe

Partner

Céline van der Heijden

Investment Analyst

Pleuni Hooijman

Investment Manager

Vincent Kamphorst

Investment Director

Rogier Ketelaars

Investment Manager

Margherita Marchetti

Investment Manager

Tobias Ouwerkerk

Investment Manager

Tom Schwarz

Partner

Tom Smits

Investment Associate

Sander Verbrugge

Partner

Tom Van Vuren

Partner

Past deals in Benelux

Photon IP

Seed Round in 2025
Photon IP is a deeptech startup located in Eindhoven, the Netherlands, specializing in the development of advanced technologies for photonics applications. The company focuses on creating application-specific semiconductors that cater to various industries, including automotive and telecommunications. Its innovative products are designed to enhance the production of wearable electronics and improve data center operations, providing tailored solutions that address the evolving needs of its clients.

CarbonX

Venture Round in 2024
CarbonX B.V., based in Amsterdam, the Netherlands, specializes in the manufacture of carbon networks and the development of innovative materials. The company focuses on creating advanced products tailored for various industries, including elastomers, automotive and aerospace thermoplastics, construction, energy, and sports and leisure thermosets. By supplying these new materials, CarbonX aims to contribute to the design and production of the next generation of high-performance materials across multiple sectors.

Carbyon

Series A in 2024
Carbyon is a Netherlands-based company specializing in direct air capture (DAC) technologies aimed at reducing carbon dioxide (CO2) levels in the atmosphere. The company has developed innovative 'fast-swing' technology that effectively filters CO2 from ambient air and delivers it in a purified form for various applications, including the production of kerosene for aircraft. This approach allows for the repurposing of existing fossil fuel infrastructure to accommodate renewable hydrocarbons, thus facilitating a transition toward more sustainable energy sources. By enabling the use of alternative energy carriers such as batteries and hydrogen, Carbyon contributes to significant advancements in transportation systems, energy grids, and gas transportation networks.

Nearfield Instruments

Series C in 2024
Nearfield Instruments B.V. is a company based in Rotterdam, the Netherlands, that specializes in the development and manufacture of High-Throughput Scanning Probe Metrology systems for the semiconductor industry. Founded in 2016, Nearfield Instruments focuses on enhancing process control in semiconductor manufacturing by enabling atomic-scale resolution in the analysis of integrated circuits. Their innovative technology allows for detailed scanning of chip surfaces during fabrication, which significantly improves production yields and the functionality of microchips. By offering advanced metrology solutions, Nearfield Instruments contributes to the production of smaller and more efficient electronic devices, marking a notable advancement over traditional metrology methods.

Axelera AI

Series B in 2024
Axelera AI is a company focused on advancing artificial intelligence through its specialized hardware and software platforms, particularly for edge computing applications. Its flagship product, the Metis™ AI Platform, combines innovative hardware and software to offer high-performance and energy-efficient AI inference solutions. Recognized for its innovation, the platform was honored at the CES® 2024 Innovation Awards. Established in 2021, Axelera AI was incubated by Bitfury, a leader in emerging technologies, and partnered with imec, a prominent nano-technology group. The company is headquartered in the AI Innovation Center at the High Tech Campus in Eindhoven, with research and development offices located in Belgium, Switzerland, and Italy. The team consists of experts in AI software and hardware, many of whom have backgrounds with leading AI firms and Fortune 500 companies. Axelera AI’s platform features a unique custom dataflow architecture with multicore in-memory computing, enabling clients to achieve optimal power efficiency while supporting various networks for sustainable edge applications.

Effect Photonics

Series D in 2024
Effect Photonics is a technology company headquartered in Eindhoven, The Netherlands, specializing in chip technology for photonic integration and optical communications. With offices across three continents and a team of over 240 professionals, the company is dedicated to enhancing interconnectivity and addressing the growing demand for sustainable bandwidth solutions. Effect Photonics develops integrated systems for telecom and datacom industries, focusing on compact, cost-effective technologies that leverage proprietary digital signal processing, forward error correction, and ultra-pure light sources. The company aims to make photonic technology smaller, more affordable, and accessible, thereby facilitating advancements in areas such as 5G and coherent communication for hyperscalers. By partnering with established microelectronics industry leaders, Effect Photonics ensures scalable manufacturing and a secure supply chain, while also adopting a hybrid business model that allows for flexibility in the development of transceivers and sub-assemblies. The company aspires to revolutionize various emerging industries by reducing barriers to entry for photonic technologies.

CarbonX

Venture Round in 2024
CarbonX B.V., based in Amsterdam, the Netherlands, specializes in the manufacture of carbon networks and the development of innovative materials. The company focuses on creating advanced products tailored for various industries, including elastomers, automotive and aerospace thermoplastics, construction, energy, and sports and leisure thermosets. By supplying these new materials, CarbonX aims to contribute to the design and production of the next generation of high-performance materials across multiple sectors.

Microsure

Series B in 2023
Microsure is a medical device company based in Eindhoven, The Netherlands, founded in 2014. It specializes in the development of innovative solutions for microsurgery, focusing on enhancing surgical performance through its motion stabilizer system. This device assists microsurgeons by scaling down motion and filtering out tremors, thereby providing extraordinary control and precision during procedures. The system aims to improve the quality of microsurgical operations, enabling the exploration of new and highly accurate surgical techniques that were previously unavailable. Microsure's technology has been successfully tested in clinical trials, demonstrating its effectiveness in lymphedema surgeries. By facilitating the use of surgeons' own micro-instruments, the device also aims to reduce costs for healthcare facilities while increasing the number of treatment options available for patients.

Nearfield Instruments

Venture Round in 2023
Nearfield Instruments B.V. is a company based in Rotterdam, the Netherlands, that specializes in the development and manufacture of High-Throughput Scanning Probe Metrology systems for the semiconductor industry. Founded in 2016, Nearfield Instruments focuses on enhancing process control in semiconductor manufacturing by enabling atomic-scale resolution in the analysis of integrated circuits. Their innovative technology allows for detailed scanning of chip surfaces during fabrication, which significantly improves production yields and the functionality of microchips. By offering advanced metrology solutions, Nearfield Instruments contributes to the production of smaller and more efficient electronic devices, marking a notable advancement over traditional metrology methods.

Axelera AI

Series A in 2023
Axelera AI is a company focused on advancing artificial intelligence through its specialized hardware and software platforms, particularly for edge computing applications. Its flagship product, the Metis™ AI Platform, combines innovative hardware and software to offer high-performance and energy-efficient AI inference solutions. Recognized for its innovation, the platform was honored at the CES® 2024 Innovation Awards. Established in 2021, Axelera AI was incubated by Bitfury, a leader in emerging technologies, and partnered with imec, a prominent nano-technology group. The company is headquartered in the AI Innovation Center at the High Tech Campus in Eindhoven, with research and development offices located in Belgium, Switzerland, and Italy. The team consists of experts in AI software and hardware, many of whom have backgrounds with leading AI firms and Fortune 500 companies. Axelera AI’s platform features a unique custom dataflow architecture with multicore in-memory computing, enabling clients to achieve optimal power efficiency while supporting various networks for sustainable edge applications.

Effect Photonics

Venture Round in 2023
Effect Photonics is a technology company headquartered in Eindhoven, The Netherlands, specializing in chip technology for photonic integration and optical communications. With offices across three continents and a team of over 240 professionals, the company is dedicated to enhancing interconnectivity and addressing the growing demand for sustainable bandwidth solutions. Effect Photonics develops integrated systems for telecom and datacom industries, focusing on compact, cost-effective technologies that leverage proprietary digital signal processing, forward error correction, and ultra-pure light sources. The company aims to make photonic technology smaller, more affordable, and accessible, thereby facilitating advancements in areas such as 5G and coherent communication for hyperscalers. By partnering with established microelectronics industry leaders, Effect Photonics ensures scalable manufacturing and a secure supply chain, while also adopting a hybrid business model that allows for flexibility in the development of transceivers and sub-assemblies. The company aspires to revolutionize various emerging industries by reducing barriers to entry for photonic technologies.

Axelera AI

Series A in 2022
Axelera AI is a company focused on advancing artificial intelligence through its specialized hardware and software platforms, particularly for edge computing applications. Its flagship product, the Metis™ AI Platform, combines innovative hardware and software to offer high-performance and energy-efficient AI inference solutions. Recognized for its innovation, the platform was honored at the CES® 2024 Innovation Awards. Established in 2021, Axelera AI was incubated by Bitfury, a leader in emerging technologies, and partnered with imec, a prominent nano-technology group. The company is headquartered in the AI Innovation Center at the High Tech Campus in Eindhoven, with research and development offices located in Belgium, Switzerland, and Italy. The team consists of experts in AI software and hardware, many of whom have backgrounds with leading AI firms and Fortune 500 companies. Axelera AI’s platform features a unique custom dataflow architecture with multicore in-memory computing, enabling clients to achieve optimal power efficiency while supporting various networks for sustainable edge applications.

Pharrowtech

Series A in 2022
Pharrowtech is a technology company that specializes in developing next-generation solutions for fixed-wireless access, wireless virtual and augmented reality, and ultra-high-capacity wireless links. The company is built on over 12 years of research and development conducted at imec, a prominent Belgian research institute. By utilizing advanced technical expertise in algorithm, chip, and antenna design for millimeter-wave systems, Pharrowtech creates products that deliver superior performance while optimizing power consumption and cost. Its innovative platform simplifies and accelerates the adoption of millimeter-wave technology, enabling various sectors to enhance connectivity and achieve higher data transmission rates.

Carbyon

Seed Round in 2022
Carbyon is a Netherlands-based company specializing in direct air capture (DAC) technologies aimed at reducing carbon dioxide (CO2) levels in the atmosphere. The company has developed innovative 'fast-swing' technology that effectively filters CO2 from ambient air and delivers it in a purified form for various applications, including the production of kerosene for aircraft. This approach allows for the repurposing of existing fossil fuel infrastructure to accommodate renewable hydrocarbons, thus facilitating a transition toward more sustainable energy sources. By enabling the use of alternative energy carriers such as batteries and hydrogen, Carbyon contributes to significant advancements in transportation systems, energy grids, and gas transportation networks.

Axelera AI

Seed Round in 2021
Axelera AI is a company focused on advancing artificial intelligence through its specialized hardware and software platforms, particularly for edge computing applications. Its flagship product, the Metis™ AI Platform, combines innovative hardware and software to offer high-performance and energy-efficient AI inference solutions. Recognized for its innovation, the platform was honored at the CES® 2024 Innovation Awards. Established in 2021, Axelera AI was incubated by Bitfury, a leader in emerging technologies, and partnered with imec, a prominent nano-technology group. The company is headquartered in the AI Innovation Center at the High Tech Campus in Eindhoven, with research and development offices located in Belgium, Switzerland, and Italy. The team consists of experts in AI software and hardware, many of whom have backgrounds with leading AI firms and Fortune 500 companies. Axelera AI’s platform features a unique custom dataflow architecture with multicore in-memory computing, enabling clients to achieve optimal power efficiency while supporting various networks for sustainable edge applications.

Solynta

Series C in 2021
Solynta is a breeding and biotechnology company located in Wageningen, the Netherlands, known for its innovative approaches to potato cultivation. The company focuses on developing hybrid potato varieties using advanced breeding technologies, which significantly accelerate the generation of superior traits and performance compared to traditional methods. By producing hybrid potato seeds from true seed, Solynta addresses global food security challenges and enhances the agricultural sector's sustainability. These hybrid varieties are designed to offer pest and disease resistance, which can reduce the reliance on chemical inputs by farmers. Additionally, the ability to propagate these hybrid potatoes through sexual seed offers logistical and phytosanitary advantages, further benefiting the potato industry and improving the livelihoods of consumers worldwide.

Nearfield Instruments

Venture Round in 2021
Nearfield Instruments B.V. is a company based in Rotterdam, the Netherlands, that specializes in the development and manufacture of High-Throughput Scanning Probe Metrology systems for the semiconductor industry. Founded in 2016, Nearfield Instruments focuses on enhancing process control in semiconductor manufacturing by enabling atomic-scale resolution in the analysis of integrated circuits. Their innovative technology allows for detailed scanning of chip surfaces during fabrication, which significantly improves production yields and the functionality of microchips. By offering advanced metrology solutions, Nearfield Instruments contributes to the production of smaller and more efficient electronic devices, marking a notable advancement over traditional metrology methods.

Nearfield Instruments

Series B in 2021
Nearfield Instruments B.V. is a company based in Rotterdam, the Netherlands, that specializes in the development and manufacture of High-Throughput Scanning Probe Metrology systems for the semiconductor industry. Founded in 2016, Nearfield Instruments focuses on enhancing process control in semiconductor manufacturing by enabling atomic-scale resolution in the analysis of integrated circuits. Their innovative technology allows for detailed scanning of chip surfaces during fabrication, which significantly improves production yields and the functionality of microchips. By offering advanced metrology solutions, Nearfield Instruments contributes to the production of smaller and more efficient electronic devices, marking a notable advancement over traditional metrology methods.

Microsure

Series B in 2021
Microsure is a medical device company based in Eindhoven, The Netherlands, founded in 2014. It specializes in the development of innovative solutions for microsurgery, focusing on enhancing surgical performance through its motion stabilizer system. This device assists microsurgeons by scaling down motion and filtering out tremors, thereby providing extraordinary control and precision during procedures. The system aims to improve the quality of microsurgical operations, enabling the exploration of new and highly accurate surgical techniques that were previously unavailable. Microsure's technology has been successfully tested in clinical trials, demonstrating its effectiveness in lymphedema surgeries. By facilitating the use of surgeons' own micro-instruments, the device also aims to reduce costs for healthcare facilities while increasing the number of treatment options available for patients.

Effect Photonics

Series C in 2021
Effect Photonics is a technology company headquartered in Eindhoven, The Netherlands, specializing in chip technology for photonic integration and optical communications. With offices across three continents and a team of over 240 professionals, the company is dedicated to enhancing interconnectivity and addressing the growing demand for sustainable bandwidth solutions. Effect Photonics develops integrated systems for telecom and datacom industries, focusing on compact, cost-effective technologies that leverage proprietary digital signal processing, forward error correction, and ultra-pure light sources. The company aims to make photonic technology smaller, more affordable, and accessible, thereby facilitating advancements in areas such as 5G and coherent communication for hyperscalers. By partnering with established microelectronics industry leaders, Effect Photonics ensures scalable manufacturing and a secure supply chain, while also adopting a hybrid business model that allows for flexibility in the development of transceivers and sub-assemblies. The company aspires to revolutionize various emerging industries by reducing barriers to entry for photonic technologies.

Tempress Systems

Funding Round in 2020
Tempress Systems, Inc. is a company specializing in the development and manufacture of advanced diffusion and chemical vapor deposition furnace systems. The company produces a range of equipment, including horizontal production and small batch vertical furnaces, research and development furnaces, and various etch and deposition systems. Additionally, Tempress offers retrofits, spare parts, and training services. Its products cater to diverse industries such as photovoltaics, semiconductors, photonics, MEMS, and nanotechnology. Founded in 1967 and originally known as Tempress B.V., the company rebranded to Tempress Systems, Inc. in 1994. Headquartered in Vaassen, the Netherlands, it also has operations in France and functions as a subsidiary of Stichting Continuiteit Tempress.

Nearfield Instruments

Series B in 2019
Nearfield Instruments B.V. is a company based in Rotterdam, the Netherlands, that specializes in the development and manufacture of High-Throughput Scanning Probe Metrology systems for the semiconductor industry. Founded in 2016, Nearfield Instruments focuses on enhancing process control in semiconductor manufacturing by enabling atomic-scale resolution in the analysis of integrated circuits. Their innovative technology allows for detailed scanning of chip surfaces during fabrication, which significantly improves production yields and the functionality of microchips. By offering advanced metrology solutions, Nearfield Instruments contributes to the production of smaller and more efficient electronic devices, marking a notable advancement over traditional metrology methods.

Smart Robotics

Series B in 2019
Smart Robotics is a Dutch company specializing in software and rental services for robotics, primarily serving the manufacturing and intralogistics sectors. The company provides flexible robotic solutions that integrate existing industrial hardware, such as robot arms, cameras, and sensors, along with advanced software to enable intelligent automation. By offering modular collaborative robots that can quickly adapt to various tasks and environments, Smart Robotics helps businesses optimize their operations while maintaining local production and employment. The company is headquartered at the High Tech Campus in Eindhoven, where it collaborates closely with Eindhoven University of Technology and other partners in the hardware and service industries. Through innovation, cooperation, and a commitment to flexibility, Smart Robotics positions itself as a leader in the deployment of robotic technology in both national and international markets.

Effect Photonics

Series B in 2018
Effect Photonics is a technology company headquartered in Eindhoven, The Netherlands, specializing in chip technology for photonic integration and optical communications. With offices across three continents and a team of over 240 professionals, the company is dedicated to enhancing interconnectivity and addressing the growing demand for sustainable bandwidth solutions. Effect Photonics develops integrated systems for telecom and datacom industries, focusing on compact, cost-effective technologies that leverage proprietary digital signal processing, forward error correction, and ultra-pure light sources. The company aims to make photonic technology smaller, more affordable, and accessible, thereby facilitating advancements in areas such as 5G and coherent communication for hyperscalers. By partnering with established microelectronics industry leaders, Effect Photonics ensures scalable manufacturing and a secure supply chain, while also adopting a hybrid business model that allows for flexibility in the development of transceivers and sub-assemblies. The company aspires to revolutionize various emerging industries by reducing barriers to entry for photonic technologies.

Microsure

Venture Round in 2018
Microsure is a medical device company based in Eindhoven, The Netherlands, founded in 2014. It specializes in the development of innovative solutions for microsurgery, focusing on enhancing surgical performance through its motion stabilizer system. This device assists microsurgeons by scaling down motion and filtering out tremors, thereby providing extraordinary control and precision during procedures. The system aims to improve the quality of microsurgical operations, enabling the exploration of new and highly accurate surgical techniques that were previously unavailable. Microsure's technology has been successfully tested in clinical trials, demonstrating its effectiveness in lymphedema surgeries. By facilitating the use of surgeons' own micro-instruments, the device also aims to reduce costs for healthcare facilities while increasing the number of treatment options available for patients.

i-Optics

Series A in 2018
i-Optics, established in 2006, is a Dutch medical device company specializing in corneal diagnostic solutions. It offers the Cassini Corneal Shape Analyzer, a pioneering tool using color LED technology to precisely measure corneal astigmatism, enhancing premium IOL planning. Additionally, i-Optics provides the EasyScan, a zero-dilation retinal imaging system for diagnosing various eye diseases. Their suite of examinations, including corneal topography, pupillometry, and full-color photography, empowers cataract surgeons to better understand corneal properties, improving surgical outcomes and increasing patient satisfaction.

Solynta

Series B in 2017
Solynta is a breeding and biotechnology company located in Wageningen, the Netherlands, known for its innovative approaches to potato cultivation. The company focuses on developing hybrid potato varieties using advanced breeding technologies, which significantly accelerate the generation of superior traits and performance compared to traditional methods. By producing hybrid potato seeds from true seed, Solynta addresses global food security challenges and enhances the agricultural sector's sustainability. These hybrid varieties are designed to offer pest and disease resistance, which can reduce the reliance on chemical inputs by farmers. Additionally, the ability to propagate these hybrid potatoes through sexual seed offers logistical and phytosanitary advantages, further benefiting the potato industry and improving the livelihoods of consumers worldwide.

Nearfield Instruments

Series A in 2017
Nearfield Instruments B.V. is a company based in Rotterdam, the Netherlands, that specializes in the development and manufacture of High-Throughput Scanning Probe Metrology systems for the semiconductor industry. Founded in 2016, Nearfield Instruments focuses on enhancing process control in semiconductor manufacturing by enabling atomic-scale resolution in the analysis of integrated circuits. Their innovative technology allows for detailed scanning of chip surfaces during fabrication, which significantly improves production yields and the functionality of microchips. By offering advanced metrology solutions, Nearfield Instruments contributes to the production of smaller and more efficient electronic devices, marking a notable advancement over traditional metrology methods.

Salvia BioElectronics

Salvia BioElectronics B.V., founded in 2017 and based in Eindhoven, the Netherlands, specializes in developing bioelectronic therapies aimed at alleviating chronic neurological diseases, particularly chronic migraines. The company seeks to deliver innovative, drug-free solutions that restore health while minimizing side effects. The name "Salvia," derived from the Latin word for health, reflects the company's commitment to well-being, paralleling the historical use of the Salvia plant in treating ailments like headaches and mental disorders. Salvia BioElectronics is driven by a team of experienced professionals from diverse backgrounds in the medical device industry, including notable companies such as Medtronic and Philips, who collaborate to make effective bioelectronic treatments widely accessible.
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