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  "documentTitle": "European Deep Tech – Opportunities and Discoveries",
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      "text": "Clear trend with Deep Tech-focused funds having outperformed traditional tech funds since 2003 (16% weighted net IRR vs. 10%)",
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      "text": "Net IRR for traditional and Deep Tech-focused funds",
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      "text": "Net IRR: 16%",
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      "text": "1. Based on 115 Deep Tech-focused funds and 1,572 traditional funds in Europe and North America, with vintage/inception year between 2003 and 2020. 2. Calculated by weighting each fund's Net IRR with its final fund closing size. Source: Preqin database.",
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      "text": "VC funds investing in Deep Tech deliver an average net IRR above traditional tech funds",
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