💸 €600M AI Defense; $105M Rocket Scale-Up; $650M Sodium Reactors; $18M CO₂-to-Cement ; $23M Energy-Lite Plastic Recycling & more..| Deep Tech Capital Movements Vol. 23

The Week’s State of Deep Tech Capital: who’s Raising, who’s Betting, and why.

Welcome back to Deep Tech Capital Movements — the weekly report from The Scenarionist that tracks and highlights capital dynamics in deep tech, from early-stage funding rounds to major fund launches.

✨ For more, see Membership | VC Guides | Deep Tech Briefing | Deep Tech Catalyst | Insights

Dear Friends,

Another Monday, another ledger of intention. Capital this week moved with the deliberation of operators who know where the fault lines are forming—across materials, energy, autonomy, and the bio-industrial stack—and who are assembling options before prices re-rate. We tracked + 40 capital movements, each one driven less by momentum marketing and more by stress-tested supply, cash-flow visibility, and geopolitical hedging.

The materials narrative opened in