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EU makes its first direct equity investment in startups, with €178M invested across 42 companies, from a new European Innovation Council Fund

Under the new European Innovation Council Fund, each of the companies will receive between €500,000 and €15m, with €178m invested overall.

Sifted Freya Pratty

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  • @rodolfor @rodolfor on x
    Imagine doing a follow-on round, or a down round, and having to wait because some EU bureaucrat reviews dealflow once a month with their lawyers (but not in August or December because they are on holiday). And then you need to wait more for them translate the deal in 13 languages…