[Funding alert] Wallonia-based VIVES IUF Secures €70Million in Funding

Wednesday 31, 2024 | By Startup Rise EU

Wallonia -based VIVES IUF secures €70million in funding. The European Investment Fund (EIF), along with both new and existing blue-chip investors, pledged €25 million. VIVES IUF, founded by UCLouvain, plays a key role in bringing together public and private investors with innovative enterprises and scholarly research.

Wallonia -based VIVES IUF secures €70million in funding. The European Investment Fund (EIF), along with both new and existing blue-chip investors, pledged €25 million. VIVES IUF, founded by UCLouvain, plays a key role in bringing together public and private investors with innovative enterprises and scholarly research.

By filling the seed funding gap, VIVES IUF helps companies and academic research become profitable, high-impact endeavors.

Read also - Limburg-based Foodtech Company Verdify Raises €2.4Million in Funding

Five prestigious European universities—UCLouvain (BE), KULeuven (BE), Université de Paris (FR), Wageningen Universiteit (NL), and Université du Luxembourg (LU)—are partners with VIVES IUF, a cross-border fund. Additionally, VIVES IUF has access to a sophisticated startup pipeline.

The €1.5 billion in capital that the companies in the VIVES II portfolio have raised shows how VIVES can take early-stage enterprises from pre-seed finance to series A. With this new capital, VIVES IUF will be able to support its current portfolio of ten enterprises and launch 10 science-based ventures.

Read also -  Netherlands-based Tidal Control Secures €500K in a Pre-Seed Round Funding

Philippe Durieux, CEO of VIVES shared: "Thanks to our close collaboration with the European Investment Fund, this new closing has run smoothly. We are now expecting to reach €75 million through a final closing in the first quarter of 2024.”

Using these additional funds, VIVES IUF will be able to invest up to €7 million in each portfolio business, from pre-seed to Series B, with an emphasis on agtech, human health (including medtech and nutrition), and engineering (including aerospace). The fund mostly operates in Belgium and its surrounding nations.

Read also - Amsterdam-based Send AI Raises €2.2Million in a Pre-Seed Round Funding

About VIVES IUF

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.

Read also - Berlin-based BlueLayer Secures €9.2 Million in Seed & Pre-Seed Funding

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