# NextGenerationEU

> NextGenerationEU is a VC fund backing Health Care, CleanTech and Life Science. See 16 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 16
- Last investment: Mar 2026
- Lead investor: 69%
- Last updated: Aug 2026
- Website: https://next-generation-eu.europa.eu

NextGenerationEU is a European Union economic recovery package to support the EU member states.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.4M–$2.9M |
| Grant | $35k–$13M |
| Debt Financing | $428k–$4.6M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 3 | 19% |
| CleanTech | 2 | 13% |
| Life Science | 2 | 13% |
| Biotechnology | 2 | 13% |
| Manufacturing | 2 | 13% |

39 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 8 | 50% |
| Seed | 2 | 13% |
| Debt Financing | 2 | 13% |
| Series A | 1 | 6% |
| Venture - Series Unknown | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Spain | 6 | 38% |
| Italy | 3 | 19% |
| Finland | 2 | 13% |
| Bulgaria | 1 | 6% |
| Portugal | 1 | 6% |

6 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| TaxDown | TaxDown has revolutionized tax advice by being lone of the pioneers in digital service that lets users file income tax returns easily. It claims to guarantee the taxpayers the desired results. As this company is the collaborator of the Tax Agency, taxpayers can present their income statements on their own platform. The digital and automaticsolution maximizes savings. | $4.6M | Debt Financing | Mar 05, 2026 |  |
| Acciona Energía | Acciona Energa is a company that manages energy and offers renewable energy sources. The only way to tackle the decarbonization problem, enabling mankind to regulate the planet's temperature and get past the climate emergency, is with a concerted push to put in place a renewable energy system and replace the fossil-based one. | $9.8M | Grant | Feb 17, 2026 |  |
| Butterfly Decisions | Butterfly Decisions is a collaborative decision-making tool that enables them to manage decision-making processes of their team in a series of virtual sessions with the help of decision-making methods. Combining behavioral sciences, machine learning, and risk assessment algorithms, Butterfly Decisions allows comparing and contrasting variousalternatives, solving complex decision-making nodes and evaluating feedback. | $1.4M | Seed | Jan 09, 2026 |  |
| Susplus | The intuitive and innovative data-driven software to accelerate your business' transition to carbon neutrality | $34.7K | Grant | Nov 07, 2025 |  |
| Kerionics | KERIONICS is a Technological Base Company dedicated to the production of ceramic membranes modules and facilities for the separation of oxygen from the air. Its principal activity is the R&D in the field of chemical engineering and ceramic technology, as well as the later exploitation of its own developments.Its technological knowledge isorientated to give response to needs of oxygen Intensive-consumption Industries which want to reduce the expense destined for the generation and / or supply of oxygen (companies of manufacture of Ceramic Frits, Glazes and Colour Industry, companies of Glassmaking, Metallurgy and Steel Industry, Refining and Petrochemistry, refineries of oil and gas, etc). | $14.5M | Venture - Series Unknown | Apr 14, 2025 |  |
| EBAMed | EBAMed SA is a Swiss startup based in Geneva whose mission is to enable safe and effective non-invasive treatments of heart arrhythmias with protontherapy. The company is currently developing a medical device to enable non-invasive heart motion imaging and real-time synchronization of the therapeutic beam. This device consists in both hardware andsoftware components and expands treatment possibilities for existing protontherapy centres, enabling them for the first time to treat heart patients. | $1.7M | Series A | Jan 21, 2025 |  |
| Arxax | Arxax is a cleantech company paving the way towards a more sustainable future by revolutionizing refueling in road transport.Through our passion for a cleaner, greener world we have developed a smart network of green refueling stations powered by our proprietary suite of connected technology solutions. Our suite of products uses data signalsfrom existing IoT hardware devices such as truck telematics, sensors, Outdoor Payment Terminals and smartphones to bring access to low and zero carbon fuels at optimally located refuelling stations, competitive pricing and full refuelling visibility to our customers. | $427.9K | Debt Financing | May 15, 2024 |  |
| Connecta Therapeutics | Connecta Therapeutics is a biotechnology company that develops new treatments for unresolved medical needs of the central nervous system. It focuses on the development of a first-in-class drug for the treatment of fragile X syndrome. | $2.9M | Seed | Feb 12, 2024 |  |
| HyFive | HyFive, a vertically integrated company, plans to construct industrial-scale green hydrogen and ammonia facilities. HyFive will operate the value chain of green hydrogen production, transportation, storage, and commercialization, offering end-to-end carbon neutral solutions to industrial customers transitioning to green energy fuels. | $30.9M | Grant | Feb 08, 2024 |  |
| Enifer | Enifer Bio is an expert at squeezing every last drop of value from biorefining operations. The solution is built on decades of Finnish expertise to allow the production of valuable protein-rich feed from streams previously considered worthless. The company has developed a new, sustainable production process for high-quality fish feed raw material.The company's method enables the efficient production of a single cell protein from fish by-products as a raw material for fish feed. The protein can replace soy, which is commonly used in fish feed and whose cultivation poses ecological challenges, such as deforestation in South America. | $13.2M | Grant | Jan 10, 2024 |  |

10 of 16 investments shown.

## Co-investors
- [BBVA Spark](https://shizune.co/investors/profile/bbva-spark) — VC Fund, 1 deal together
- [CDP Venture Capital](https://shizune.co/investors/profile/cdp-venture-capital) — VC Fund, 1 deal together
- [Centre for the Development of Industrial Technology (CDTI)](https://shizune.co/investors/profile/centre-for-the-development-of-industrial-technology-cdti) — VC Fund, 1 deal together
- [Cyber Xcelerator](https://shizune.co/investors/profile/cyber-xcelerator) — VC Fund, 1 deal together
- [Emilia Romagna](https://shizune.co/investors/profile/emilia-romagna) — VC Fund, 1 deal together
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund
- [Breakthrough Energy Ventures](https://shizune.co/investors/profile/breakthrough-energy-ventures) — VC Fund

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund

### Similar country
- [CDP Venture Capital](https://shizune.co/investors/profile/cdp-venture-capital) — VC Fund
- [Club degli Investitori](https://shizune.co/investors/profile/club-degli-investitori) — VC Fund
- [Primo Capital](https://shizune.co/investors/profile/barcamper-ventures) — VC Fund

## Featured in investor lists
- [CleanTech Investors in Italy](https://shizune.co/investors/cleantech-investors-italy)
- [CleanTech VC Funds in Italy](https://shizune.co/investors/cleantech-vc-funds-italy)

## FAQ

### What does NextGenerationEU invest in?

NextGenerationEU invests primarily in Health Care, CleanTech and Life Science startups, most often at Grant and Seed stage. Most of the 16 investments tracked by Shizune back companies in Spain. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is NextGenerationEU's check size?

NextGenerationEU typically joins rounds of $1.4M–$2.9M at Seed, $35k–$13M at Grant and $428k–$4.6M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds NextGenerationEU participates in.

### When did NextGenerationEU last invest?

The most recent investment recorded for NextGenerationEU closed in Mar 2026. Shizune tracks 16 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co