The European Investment Fund commits €30 million to Indico Capital Partners' Indico VC Fund III, aiming to support early-stage technology companies in Southern Europe.

Information on the Target

The European Investment Fund (EIF), part of the European Investment Bank (EIB) Group, has committed €30 million to Indico Capital Partners' latest venture, the Indico VC Fund III. This fund aims to raise a total of €125 million and will specifically target early-stage technology companies. Focus areas include enterprise software-as-a-service (SaaS), artificial intelligence, deep technology, spacetech, and oceantech solutions. The fund intends to invest heavily in companies operating in Portugal, Spain, and Italy, while also pursuing innovative firms from these countries based in the US, UK, and other regions.

This commitment reflects EIF's ongoing dedication to nurturing the ecosystem of technological innovators across Southern Europe, promoting advancements in vital sectors such as artificial intelligence and the blue economy.

Industry Overview in the Target’s Specific Country

Southern Europe, particularly countries like Portugal, Spain, and Italy, has emerged as a burgeoning hub for technology startups and venture capital investment. As economies in these countries evolve, there is an incre