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European Investment Fund participates in Serena Capital’s first closing

Date: 01/08/2008

Serena Capital is a Paris based venture capital fund focusing on ICT investments in France and Europe. The fund targets early stage companies in the pre-commercialisation stage of their products/services – companies which have validated the technology and make their first steps to market. The fund first closing reached EUR 90m.

This investment was made under the European Commission Competitiveness and Innovation Framework Programme (CIP-GIF1). GIF1 aims to help SMEs with their establishment or early stages of development.

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For further information, please contact Patrice Liauzu on +352 42 66 88 243, email  j.harvey@eif.org  or visit EIF’s website www.eif.org