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July 3, 2026

Exclusive: ETCI-backed VC firms split over plan to limit non-European investments

Some VCs believe being required to invest more into Europe could limit their appeal to private LPs

A move to tighten rules around non-EU investments for firms supported by the bloc’s European Tech Champions Initiative (ETCI) has sparked debate among its benefactors, with some VCs worried it would limit their attractiveness with private LPs.

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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