VIVES IUF FUND Funding news – Belgium-based VIVES IUF Fund Secures Additional €5 Million in Funding

Building on the successful execution of LFF 1, LFF 2 is a €200 million initiative between the European Investment Fund (EIF) and the Société Nationale de Crédit et d'Investissement (SNCI), which is managed by the EIF. EIF and SNCI collaborate under LFF 2 to support the sustainable growth and diversification of the Luxembourg economy.

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Philippe Durieux, CEO of VIVES said, “We are thrilled to have surpassed our financial goals for this fund, which demonstrates the trust investors place in our capability to develop successful spin-offs and startups across our inter-regional ecosystem, LFF 2’s investment in VIVES IUF shows our ambition to become a key investor in the European innovation ecosystem and to address the numerous challenges in the fields of health, agriculture, industry and technology transfer.”

The fund is well-positioned to foster innovation in Luxembourg thanks to VIVES's investment experience and long-standing ties to the nation's startup scene. Among the companies is LMO Space, a Luxembourg-based business creating solutions for precise manipulation during in-flight operations.

More than 500 businesses, mostly involved in FinTech, InduTech, CleanTech, and HealthTech as well as automotive, space, and cybersecurity technologies, make up the Luxembourg startup ecosystem at the moment. Additionally, it offers more than fifteen incubators and accelerators, one of which is Technoport, a technological company incubator located in Luxembourg with which VIVES is presently negotiating a relationship.

Eva Kremer, CEO of SNCI said, “Our aim is to promote the growth and diversity of the country’s economy. I am confident that a new generation of innovative businesses can arise from the fruitful encounter of investors and public research in Luxembourg. VIVES will contribute to encouraging these new ventures,”.

EIF chief executive, Marjut Falkstedt said, “Getting great ideas out of the labs and into the markets where they can make a difference in people’s lives is the ultimate goal of our investments in the field of life science. Through VIVES, we are confident that we can achieve this. We look forward to a series of new investments into the Luxembourgish and broader Benelux and European start-up scene, also contributing to strengthening the investment ecosystem,”.

About Vives

Vives is an interregional seed and early-stage technology multi-sector fund that aims to construct and invest in world-class technology-based firms to support their growth and innovation efforts, with an emphasis on eco-innovation. Its mission is to create significant value.