European Investment Bank, other investors to channel over 10 billion euros into European scale-ups

Brussels – Over 10 billion euros in equity investments for European scale-ups – companies that have proven their products or services in the market and are in a phase of rapid, structured growth. The European Investment Bank (EIB) today (9 November) announced it was bringing public and private capital together “to turn Europe’s technological strength into global leadership.” Institutional investors and several EU Member States will participate in the project. The milestone was announced on the sidelines of the Eurogroup and Ecofin meetings in Brussels and builds on the “European Tech Champions” initiative, launched in 2023 by the EIB and six other EU countries – France, Germany, Italy, Spain, Belgium and the Netherlands. “The European Tech Champions alliance is a catalyst to mobilise capital at scale to turn Europe’s most promising companies into global leaders,” explained EIB President Nadia Calviño. The new public-private alliance aims to mobilise up to 80 billion euros in total investment, with average investment amounts of 200 million euros. The aim is to help European technology companies expand globally.

The French Tibi Initiative, the Dutch bank ABN AMRO, the Dutch organisation Algemene Pensioen Groep, the asset management company Armònia SGR S.p.A, Italy’s Azimut Holding, the Spanish banking groups Banco Santander and BBVA, the foundation Compagnia di San Paolo, the Danish banking group Danske, the independent Italian investment platform Green Arrow Capital, the Spanish insurance group Grupo Mutua Madrileña, the global firm Marsh, the asset management company Mn Services N.V, the Dutch cooperative PGGM and the European insurance group Uniqa Insurance Group have expressed their intention to channel a combinec total of over 8 billion euros into the European innovation and scale-up ecosystem. The EIB also expects other investors to join the alliance shortly. Similarly, seven Member States – including Bulgaria, Germany, Greece, Italy, Luxembourg, the Netherlands, and Spain – are collaborating with the EIB Group on the first closing of the “Tech Champions” fund of funds, with commitments totalling around 2 billion euros, paving the way for the first investment approvals in the coming weeks.