EIF just set aside €15bn for VCs. Here’s what they’re looking for

Marjut Falkstedt, European Investment Fund (EIF), and St. Peter's Basilica in the Vatican City. Photo: TT/AP and press photo.
25 mars 2026
21:34
The European Investment Fund (EIF) is launching a €15bn fund-of-funds – the biggest of its kind – to bankroll growth-stage venture funds across Europe.

The vehicle will back around 100 funds split into two tiers: mid-size managers raising €300m–600m, and mega funds targeting roughly €1bn, according to Sifted. Ticket sizes will range from €60m-200m.

It's the second iteration of the European Tech Champions Initiative (ETCI), first launched in 2023 to close what the EIF describes as Europe's "chronic late-stage funding gap" – a shortfall it currently pegs at €70bn compared to the US.

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