The EIF has launched the European Angels Fund (EAF), a fund which provides equity to Business Angels and other non-institutional investors for the financing of innovative small and medium-sized enterprises in the form of co-investments. It works hand in hand with Business Angels and helps them to increase their investment capacity. The activity of the European Angels Fund is adapted to the Business Angels’ investment style by granting the highest degree of freedom in terms of decision-making and management of investments.
On occasion of the launch of the European Angels Fund in Frankfurt, EIF Chief Executive Richard Pelly said: "We intend to stimulate this market segment in a targeted and sustainable way by supporting Business Angels and Family Offices with co-investments by the European Angels Fund. Particularly in the current economic climate in Europe, Business Angels are an important source of finance for newly established and innovative SMEs.”
The European Angels Fund started its activities in Germany in close cooperation with Business Angels Netzwerk Deutschland (BAND) and the ERP-EIF Dachfonds and is managed by the EIF. Further information can be found in the German version of the Press Release.
Susanne Gutjahr, Head of Communication, firstname.lastname@example.org, Tel. +352 2485 81487