What we do
Institutional investors
Equity products
AI Co-Investment Facility
Cleantech Co-Investment Facility
Impact investing at the EIF
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
EU4Business Capped Guarantee
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

Google invests €20.5 million to support SMEs and Life Science companies through funds advised by EIF

    Date: 17 February 2021

Small and medium-sized companies across the EU will have the opportunity to gain access to Google-backed financing thanks to its €20.5 million investment into two fund-of-funds advised by the European Investment Fund.

Google’s investment consists of €12.3 million into a loan fund-of-funds for small businesses, and an investment of €8.2 million into a life sciences venture capital fund-of-funds, that will provide financing specifically to life sciences SMEs. Both fund-of-funds are advised by the EIF.

The loan fund-of-funds will provide capital to European investment managers, who in turn provide loans to SMEs that have trouble accessing bank financing, particularly amid the current crisis. This fund will help support more than 1000 businesses through these loans. Google’s investment builds on their efforts to provide tools, training and funding to people and SMEs recovering from the pandemic.

The life sciences venture capital fund-of-funds will target businesses operating in various fields across the industry, ranging from therapeutics and medical technologies, to digital health and healthcare.  This fund will help support approximately 200 life sciences companies, many of which are directly involved in developing solutions to the COVID-19 crisis.

EIF Chief Executive Alain Godard said: “In these difficult times, it is great to see corporate investors with similar goals to our own, contributing to improving access to finance to SMEs. Google is the first corporate to invest in these funds, and we look forward to welcoming other corporates and investors so that we can strengthen the ecosystem to support even more small companies with financing”.

Matt Brittin, President, Google, Europe, Middle East and Africa added: “This investment is part of Google’s $800+ million commitment in response to COVID-19 relief efforts announced last year, and our ongoing efforts to provide tools, training and funding to help people recover. Small businesses are the lifeblood of the European economy and we are proud to be part of these funds and join the EIF in their mission to help small businesses access finance and foster innovation in Europe’s life sciences industry.”

Having provided capital to over 1.5 million SMEs throughout Europe with more than 6.8 million jobs supported, the EIF has a longstanding commitment to its community and to the small business financial ecosystem. Google is proud to be making these investments and support SME access to finance at this time as well as furthering the life science ecosystem in Europe.

Background Information:

About the EIF:

The European Investment Fund (EIF) is part of the European Investment Bank group. Its central mission is to support Europe's micro, small and medium-sized businesses by helping them to access finance. The EIF designs and develops both venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth and employment.

About Google:

Last year, Google renewed its commitment to providing tools, training and funding to people and small businesses navigating the effects of the pandemic. This includes its Grow with Google program, which has trained millions of people on digital skills since it was founded five years ago, and contributed to two million Europeans finding a new job or growing their business or career, and products which help small businesses stay connected with customers and grow online. 

Notes to Editors:

Google’s makes this investment through its European operation in Ireland.

Press contact:

European Investment Fund:
David Yormesor, d.yormesor@eif.org, Tel.: +352 42 66 88 346 / Mobile:  +352 621 554 578
Website: www.eib.org/press - Press Office: +352 4379 21000 – press@eib.org


Emily Clarke, Google Communications: emilyclarke@google.com Tel.: +44 7734 967 284

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.