European Tech Champions Initiative to fund scaleup of technology companies in Spain
- Release date: 29 March 2023
The European Tech Champions Initiative (ETCI) fund of funds was presented to the venture capital market in Spain today at an event in Madrid. Managed by the European Investment Fund (EIF), the venture capital arm of the European Investment Bank Group, ETCI was launched in February, with initial contributions from Spain, Germany, France, Italy and Belgium
InvestEU: EIF and Banco BPI sign agreement to guarantee €155 million for green and digital transition of Portuguese companies
- Release date: 27 March 2023
Banco BPI (BPI) and the European Investment Fund (IEF) have signed an agreement that will unlock up to €155 million in loans to improve access to finance for Portuguese small and medium-sized enterprises (SMEs). The agreement, backed by the InvestEU programme, aims at leveraging financing for eligible companies in Portugal, for activities in three categories: cultural and creative sectors, innovation and digitalisation, and sustainability.
PORTUGAL BLUE launch Growth Blue I, the first blue economy focused private equity fund in Southern Europe
- Release date: 17 March 2023
Today, the Portuguese Minister of Economy and Maritime Affairs, António Costa Silva, and the Vice President of the European Investment Bank Group (EIB Group), Ricardo Mourinho Félix, jointly announced an investment into Growth Blue I, the second blue economy fund selected under PORTUGAL BLUE and co-invested by the InvestEU Blue Economy instrument.
InvestEU: EIF provides Tenax with guarantees worth €60 million to promote the sustainability, innovation and digitalisation of Italian small businesses and mid-caps
- Release date: 22 March 2023
The European Investment Fund (EIF) is providing two guarantees worth a total of €60 million to Tenax Sustainable Credit Fund, a fund managed by Tenax. These guarantees will help improve access to finance for Italian small businesses and small mid-caps active in the fields of sustainability and innovation and digitalisation. The transactions are backed by the InvestEU programme, which aims to mobilise investments of at least €372 billion for European Union policy ...
InvestEU: EIF and OP Financial Group sign agreement to guarantee €200 million in new loans for Finnish companies, accelerating the green transition
- Release date: 22 March 2023
The European Investment Fund (EIF), CaixaBank and MicroBank are stepping up their support for Spanish small and medium enterprises and mid-caps by providing them with guarantees worth €637 million through the first InvestEU portfolio guarantee agreement in Spain. CaixaBank and MicroBank will use these guarantees to mobilise more than €1 billion in financing that will help firms to reach their full potential.
