Since its creation, European Innovation Council-funded companies have raised €9.6 billion in private follow on investments – Tech.eu
As the European Innovation Council Summit kicks off this afternoon with an agenda that features programme managers, board members, and ambassadors, some interesting numbers have been revealed.
While the EIC has dispersed investments into 137 companies across 32 countries, a key takeaway is that the public funding has also crowded in a lot of private investors.
And by a lot, we mean €9.6 billion in follow on investments, a number that is almost triple the initial EIC investment(s).
Of the first 24 EIC fund investments, VCs and other investment houses co-invested close to €400 million, or, a leverage rate of 2.7x.
A “brief” overview of unicorn and centaur companies the EIC has invested in (provided by the European Innovation Council):
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.