jeudi 24 novembre 2022
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InvestEU: EIB Group signs an agreement with OTB Ventures to raise €150 million for innovations in deep technologies sector

OTB Ventures, the leading venture capital firm investing in early growth technology businesses announced the launch of the new OTB Fund II. The already launched fund, to which the European Investment Fund (EIF) committed €45 million, is expected to raise €150 million.   The new capital will be used by OTB Ventures to directly invest in tech companies developing innovative scientific breakthroughs across four key sectors: enterprise artificial intelligence (AI) automation, space technology, fintech and cybersecurity, with special attention to climatetech solutions.   Prof. Teresa Czerwinska, Vice-President of the European Investment Bank, responsible for all operations under InvestEU, said: “The InvestEU brings much needed financing to support European...
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