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Investors / Netherlands / TNO Ventures

TNO Ventures

Corporate VC · Netherlands · Europe

tno.nl

TNO Ventures is the tech transfer arm of TNO, the Netherlands Organisation for Applied Scientific Research. It commercialises TNO research by creating spin-off companies, granting licences to established organisations, and taking tech participations in scale-ups.

Invests inAI & Machine LearningHealthcare & BiotechIndustrial & Manufacturing

In its own wordsdeep techcleantechmedtechaiphotonicsquantum computing

Your fit with TNO Ventures

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14portfolio companies
7funding rounds on record1 led
6rounds, last 12 months
$20M to $100Mtypical round it comes in at
Series Amost frequent entry

TNO Ventures lists 14 checked portfolio companies on its own site and is named in 7 funding rounds, 1 of them as lead. Its most frequent entry is Series A, 50% of the companies with a known first round. Its largest themes are AI & Machine Learning (29%), Healthcare & Biotech (21%) and Industrial & Manufacturing (17%). 86% of its companies are based in Netherlands. It invests most often alongside Brabant Development Agency (BOM), Invest-NL and 808 Ventures.

Counts come from funding rounds that name TNO Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Entry stage

share of companies by the stage of its first round

TNO Ventures does not state its stages on its site, so only what it does is shown.

Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed0%
Seed33%
Series A50%
Series B0%
Growth17%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2000
'2100
'2200
'2300
'2400
'2521
'2650

Investor profile

percentile among all firms
Portfolio size: 14 companiesRecent activity: 6 rounds in 12 monthsEarly stage: 33% of entries at pre-seed or seedEvidence: 7% of companies confirmed by a roundSector focus: 29% in its largest sectorReach: 3 countriesPortfolio size36th pctRecent activity89th pctEarly stage64th pctEvidence70th pctSector focus49th pctReach58th pct
This firmMedian of all firms
Show as a table
TNO Ventures compared with all firms
MeasurePercentile of all firmsValue
Portfolio size36th14 companies
Recent activity89th6 rounds in 12 months
Early stage64th33% of entries at pre-seed or seed
Evidence70th7% of companies confirmed by a round
Sector focus49th29% in its largest sector
Reach58th3 countries

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
AI & Machine Learning29%18%
Healthcare & Biotech21%15%
Industrial & Manufacturing17%7%
Cybersecurity8%4%
Education4%7%
Developer Tools4%0%
Consumer4%3%
Fintech4%12%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
Brabant Development Agency (BOM)2
Invest-NL2
808 Ventures1
ACET Capital1
AP Ventures1
Access Ventures1
Atlantic Bridge1
Coalition Capital1

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Site status

  • Site answers14100%
  • No longer answers00%
  • Points to another company00%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Compare TNO Ventures head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Recent portfolio activity

when companies last raised with TNO Ventures
DateCompanyStage
13 Sept 2026Fortaegis Technologiesfortaegis.comSeries A
22 Jul 2026Keirónkeirontechnologies.comSeries A
22 Jun 2026nearfieldinstruments.comnearfieldinstruments.comSeries C+
15 Jan 2026Equal1equal1.comRound
13 Jan 2026touchwaves.iotouchwaves.ioSeed
18 Nov 2025keenventurepartners.comkeenventurepartners.comSeries A
9 Sept 2025Aiosynaiosyn.comSeed Led

Round details for TNO Ventures

Amounts, full round histories and every co-investor in TNO Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

14 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
Aerosenseaerosense.energy · NetherlandsAerosense develops sensors that detect bird and bat collisions with wind turbines and predict turbine faults in real time
EducationIndustrial & Manufacturing
Portfolio page
AIKON Health B.V.aikonhealth.com · NetherlandsAIKON Health develops and provides a personalized heart failure management system using a wearable monitoring device and digital health solutions.
Healthcare & Biotech
Portfolio page
Aiosynaiosyn.com · NetherlandsAiosyn develops and applies AI algorithms to analyze tissue images for research and diagnostic purposes
Healthcare & BiotechAI & Machine Learning
Sept 2025SeedPage + round
Aircision B.V.aircision.com · NetherlandsAircision develops terrestrial Free-Space Optics systems for reliable and untraceable communication
Developer ToolsCybersecurity
Portfolio page
Airhiveairhive.earth · United KingdomAirhive removes carbon dioxide from the atmosphere and supplies pure CO2 for various uses, including carbon credits and industrial operations
Climate & Energy
Portfolio page
AMSYSTEMSamsystems.nl · NetherlandsAMSYSTEMS develops and manufactures a multi-laser exposure unit for resin printers.
Industrial & Manufacturing
Portfolio page
AnGard Microwaveangardmicrowave.com · NetherlandsAnGard Microwave develops and builds high-power microwave systems for defence against drone swarms
AI & Machine LearningAI & Machine Learning
Portfolio page
Arionarion.run · NetherlandsThe company provides data and insights into human movement in the field of sports using wearable insoles and algorithms.
Healthcare & BiotechConsumer
Portfolio page
Equal1equal1.com · IrelandEqual1 develops and ships rack-mounted quantum computers that can be integrated into existing infrastructure alongside classical CPUs and GPUs.
Healthcare & BiotechAI & Machine Learning
Jan 2026RoundFunding round
Fortaegis Technologiesfortaegis.com · NetherlandsFortaegis develops a secure compute architecture for AI and quantum computing
CybersecurityAI & Machine Learning
Sept 2026Series AFunding round
keenventurepartners.comkeenventurepartners.com · NetherlandsKeen Venture Partners is a venture capital firm that invests in technology and defence companies across Europe.
FintechAI & Machine Learning
Nov 2025Series AFunding round
Keirónkeirontechnologies.com · NetherlandsKeiron develops and provides precision stencil-free solder paste printing technology for the SMT industry
Industrial & Manufacturing
Jul 2026Series AFunding round
nearfieldinstruments.comnearfieldinstruments.com · NetherlandsNearfield Instruments develops and delivers advanced metrology systems for the nano-electronics industry
Industrial & ManufacturingRobotics & Hardware
Jun 2026Series C+Funding round
touchwaves.iotouchwaves.io · NetherlandsTouchwaves develops and provides haptic feedback and bio-sensing technology for various applications, including healthcare, defense, and sports.
Healthcare & BiotechAI & Machine Learning
Jan 2026SeedFunding round

About this data

site last read 5 Nov 2026
The homepage of TNO Ventures, as last read
tno.nl as VCinfo last read it
Site
tno.nl
Last read
5 Nov 2026
Watching since
5 Nov 2026
Rounds since
9 Sept 2025
Companies checked
14

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

How we grade the data

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