Launch of New Fund of Funds to Support European Tech Champions

Five EU Member States and the European Investment Bank Group (European Investment Bank, European Investment Fund) have signed today the European Tech Champions Initiative (ETCI) mandate, a Fund of Funds that will channel much-needed late-stage growth capital to promising European innovators.

ETCI will deepen Europe’s scale-up venture capital markets by bridging gaps in financing availability, especially for companies seeking to raise amounts of over €50 million. It will help create an asset class for European institutional investors to diversify their portfolios, thus maintaining a continuous flow of funding to European scale-ups.