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Denmark’s EIFO Invests €200 Million in EU Fund for Tech Scale-Up

Denmark’s EIFO Invests €200 Million in EU Fund for Tech Scale-Up
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Denmark’s EIFO Invests €200 Million in EU Fund for Tech Scale-Up Denmark’s Export and Investment Fund has committed €200 million to the €5 billion Scaleup Europe Fund, becoming the only state-backed anchor investor in a vehicle designed to help build Europe’s next generation of technology champions. Managed by Sweden’s EQT AB, the initiative is expected to make its first investment later this year and will back privately held European technology companies from Series B funding rounds onward....

Denmark’s EIFO Invests €200 Million in EU Fund for Tech Scale-Up Denmark’s Export and Investment Fund has committed €200 million to the €5 billion Scaleup Europe Fund, becoming the only state-backed anchor investor in a vehicle designed to help build Europe’s next generation of technology champions. Managed by Sweden’s EQT AB, the initiative is expected to make its first investment later this year and will back privately held European technology companies from Series B funding rounds onward. The founding investor group also includes Novo Holdings, Sweden’s Wallenberg Investments AB and Germany’s Allianz SE, according to a statement released Friday.
Denmark (LOCATION) EU Fund (ORG) Tech Scale (ORG) Export and Investment Fund (ORG) Scaleup Europe Fund (ORG) Europe (LOCATION) Sweden (LOCATION) EQT AB (ORG) European (ORG) Novo Holdings (ORG) Wallenberg Investments AB (ORG) Germany (LOCATION) Allianz SE (ORG)
Originally published by Bloomberg Markets Read original →