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Link to original content: http://www.eif.org/etci/news-and-multimedia/index.htm
The EIF has received 25 applications to date under ETCI. Following our standard evaluation and selection process, investments have been approved in 4 funds (France, Germany, Italy and Pan-European) – committing €883 million. Leveraging the ETCI’s investments, these funds are still fundraising to reach target fund size with €4.746 million in total commitments from investors so far. ETCI-backed funds have invested €993 million in 9 portfolio companies (in France, Germany, Italy, the Netherlands, and Spain). The application, selection and investment process continue with more updates coming soon.
Read the related press release here
The ETCI initiative has had a significant media coverage with more than 700 articles across Europe and beyond. The launch announcement in February 2023 was in our top 10 media announcements in terms of reach and top 5 in terms of Tier 1 and Tier 2 media articles generated to date in 2023.
Find here an overview and media clippings by country from our press review on the launch of ETCI.
Atomico totals $1.24 billion in fundraising as European technology comes of age
Headline raises $865m growth fund — and is eyeing defence and pharma startups
Launch of new fund of funds to support European Tech Champions – 13 February 2023
A venture capital injection for European technology – op-ed by EIB VP Gelsomina Vigliotti
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