European Investment Bank to Raise Up to 80 Billion Euros for Tech Scaleups

The initiative targets high-growth technology firms that have already secured initial market traction and require additional capital to expand operations.

The bank stated the capital will be deployed over multiple years to companies operating in sectors such as software, biotechnology, and clean technology. No specific timeline for the fundraising or allocation schedule was provided in the announcement.

The program covers scaleups based in European Union member states and associated countries that participate in the initiative. The bank did not name individual recipient companies or disclose selection criteria beyond the general scaleup definition.