MenuPart of the EIB Group
Search
Close
Home|Flagship initiatives|ETCI|ETCI 1 progress

ETCI 1 progress

It's time to back innovation in Europe and focus on strengthening the late-stage venture capital ecosystem. ETCI delivers a proven model at game-changing scale - part of the TechEU initiative.

Scaling tech champions is a European opportunity.

Tackling the late-stage funding gap

There is significant €70 billion annual funding gap between Europe and the United States in late-stage venture capital investment (€15 billion in Europe compared to €80 billion in the US). Europe has the talent and innovation capacity, but needs coordinated capital at scale to compete globally.

Driving scale-up success together

Thanks to participation from six EU Member States and €3.9 billion committed through a fund-of-funds structure, ETCI 1 is supporting 14 mega funds. This effort has nearly doubled the number of mega funds in Europe's growth-stage ecosystem. 

Funds backed by ETCI 1 to date

ETCI 1 funding targets all tech and innovation-focused sectors with both generalist and specialised funds among our partners. The fund-of-funds structure allows ETCI 1 to leverage its initial public resources and mobilise private investors, generating investments worth multiples more. Meet some of the ETCI 1 investee funds here.

In the spotlight

Europe's high-growth innovators

Featured companies span software, artificial intelligence, cybersecurity, retail tech, and impact sectors, including DeepL, Cognigy, Content Square, Odoo, Perk, and Commercetools. These examples demonstrate ETCI’s role in scaling European tech firms across diverse industries.

In addition, we indicate the number of EU companies supported so far in the respective location of main operations.

Unlock the full ETCI story

Discover how ETCI is scaling Europe's tech ambition, mobilising private capital at scale, and helping to build the next generation of global tech champions. Our brochure highlights the impact achieved so far, and the objective of the next generation ETCI 2.0.

Download brochure

Join ETCI 2.0

Proven model at game changing scale

ETCI 2.0 aims to grow from €3.9 billion to €15–20 billion in funding, unlocking up to €80 billion in investments. The strategy centers on pooling resources across Europe, mobilising private sector participation, securing Europe’s tech autonomy, and scaling mid-sized and mega funds. Joining ETCI 2.0 means growing tech champions all over Europe, and contributing to moving from proof of concept to catalyst—and from catalyst to scale.