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Dutch neurofeedback venture Alphabeats has closed a €1.5M seed investment round, led by DeepTechXL and followed-on by LUMO Labs. This raise will enable Alphabeats to take their patented technology to the next level, offering EEG-based mental training to improve performance in elite athletes.
With the creation of DeepTechXL Fund I, the Dutch province of Brabant gets a unique fund which will invest in promising Dutch deep-tech startups and scale-ups. Strategic investors and co-initiators of the fund include ASML, Philips, Brabantse Ontwikkelings Maatschappij (BOM) and research institute TNO. PME Pension Fund and Invest-NL will also invest in the fund. DeepTechXL Fund I aims for a minimum fund size of €100 million. The fund also received a €9 million loan from the Dutch government institute RVO (Rijks dienst voor Ondernemend Nederland), specifically allocated for early-stage seed investments.