European Hardware startup funding raised during Q1 2023.
In Q1 2023, 23 European Hardware companies raised a combined €141M across 23 funding rounds, up 35.3% versus Q1 2022. France led by capital raised, and Fraunhofer Technologie-Transfer Fonds (FTTF) was the most active investor. Data as of 9 Jul 2026.
| Company | Stage | Date | Amount |
|---|---|---|---|
| Qarnot | Series B | Jan 2023 | €35M |
| Oxford Ionics | Series A | Jan 2023 | €34M |
| Copenhagen Atomics | Other | Jan 2023 | €20M |
| Xolo | Other | Feb 2023 |
2 exits.
| €8.0M |
| Qualinx | Series A | Feb 2023 | €8.0M |
| HUBBOX | Other | Mar 2023 | €6.6M |
| MotionMiners | Other | Feb 2023 | €5.0M |
| Orosound | Other | Feb 2023 | €5.0M |
| Incooling | Seed | Jan 2023 | €3.5M |
| PlanetWatch | Other | Jan 2023 | €3.0M |
| traplinked | Seed | Feb 2023 | €2.3M |
| Elucidat | Other | Jan 2023 | €2.3M |
| Kinsetsu | Other | Jan 2023 | €1.8M |
| Lumai | Grant | Feb 2023 | €1.2M |
| CODE41 | ICO | Mar 2023 | €1.2M |
