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Dutch Venture Initiative (DVI-II)

DVI-II is a EUR 200m Venture and Growth Capital Fund-of-funds initiative of the EIF and PPM Oost*, supported by the Dutch Ministry of Economic Affairs. 

Launched in March 2016, it aims at investing in fast growing and/or innovative companies, following the successful implementation of the predecessor initiative, DVI-I, launched in 2013.

The Fund-of-funds will target companies in sectors like ICT, clean-tech, med-tech, renewable energy and life sciences, through primary investments in Dutch oriented Venture Capital funds. Similar to the investment strategy of DVI-I, DVI-II will invest in venture and growth capital funds (including hybrid debt/equity funds).

As an advisor to DVI-II, the EIF can rely on over 20 years of experience in the European Venture Capital market and successful implementation of similar initiatives in close collaboration with national and regional partners across Europe.

What is the investment strategy of DVI-II?

DVI-II will hold a first closing of EUR 200 million and will target up to 20 investments in funds in the next 4 to 5 years. After receiving regulatory approval (from the CSSF), the first closing took place on 31st March 2016, enabling fundraising to continue with other institutional investors aiming to reach a final size of EUR 300 million – double the initial amount for DVI-I.

DVI-II will focus on Dutch venture capital funds and other funds investing in the Netherlands. It will also be open to make investments into growth capital and mezzanine funds (hybrid debt/equity funds). As in DVI-I, Business Angel co-investments may also be considered.

DVI-II intends to build a balanced portfolio of venture capital and growth funds that are able to demonstrate a strong investment focus on the Netherlands. DVI-II supported Fund Managers need to focus on companies in their early or development stages. Eligible funds should also have a strong innovative angle, by focusing on companies operating in different technology areas, such as ICT, Life Sciences, Cleantech or Energy.

How to apply for DVI-II

For eligible fund management companies interested in partnering with us under DVI-II:

We are looking for qualified and credible partners, with extensive experience in Venture Capital. You will be eligible to receive DVI-II’s financial resources to enable further investments into high-tech early and development stage companies, if you meet the following criteria, amongst others:

  • Your investment strategy has a strong focus on the Netherlands.
    Please outline and explain how the proposal would fit in the current competitive VC landscape, which sector and stage the fund is targeting and how the know-how of the team matches the Fund’s investment strategy;
  • Your team is well-balanced, with team members complementing each other in terms of skills and experience, with a proven ability to work together. Emerging and/or first time teams would also be considered occasionally;

Furthermore:

  • Your track record should prove adequate experience in the targeted investment area; previous investment successes and failures will be carefully analysed in order to understand the investment capabilities of the team;
  • The fund should be capable to attract further private finance from other investors, e.g. pension funds, insurance companies or funds-of-funds, which will at least double the amount of investment capital required;
  • The fund size should be commercially viable to ensure the team’s stability and the fund’s investment capacity;
  • The legal and tax structure of the fund should be clear and transparent according to the highest market standard terms and conditions;
  • Stakeholders in a fund have aligned interests.

Should your investment proposal meet the criteria listed above, your team will need to pass several additional screenings, before a full due diligence process is started and taken further into our internal decision making process.

Read more about the details to include in your investment proposal

For more details on DVI-II, please contact: Norbert Fillekes, e-mail: n.fillekes@eif.org

For SMEs:
If you are looking for funding, you can contact the funds in which DVI-I has invested, displayed at this page. For a list of the financial intermediaries currently cooperating with in the Netherlands please visit http://www.eif.org/what_we_do/where/index.htm Please contact the intermediary directly to find out about eligibility criteria and financial conditions.

For information about finance available under further EU initiatives, please visit http://europa.eu/youreurope/business/funding-grants/access-to-finance


* Participatiemaatschappij Oost Nederland, a regional venture capital company which is part of the East Netherlands Development Agency ‘Oost NV'


 
 

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