Brexit, and That Huge Investment Fund You’ve Never Heard Of
- European Investment Fund has 9 billion euros in regional VCs
- U.K. venture capital may lose anchor investor in an EU divorce
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It is an open secret among British venture capitalists that many of their funds would have never gotten off the ground without a hefty check from the European Investment Fund -- the EU institution that pools billions in financing from European governments, the EU itself and a number of private banks, to fund investments.
After the U.K.’s vote to leave the European Union, the community faces concern that this important source of funding could be in jeopardy.