News

March 3, 2021

European VCs to get extra €1bn from the European Investment Fund

The EIF has backed VC funds that have invested in some of Europe’s most successful startups, including UiPath and Spotify.


John Thornhill

3 min read

Alain Godard

European VC funds will receive an additional €1bn boost of public money as the EU aims to accelerate the economic bounceback from the Covid-19 pandemic.

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Dario Scannapieco, EIF Chair. Credit: Caroline Martin.
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John Thornhill

John Thornhill is Sifted’s editorial director and cofounder. He is also innovation editor of the Financial Times, and tweets from @johnthornhillft

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