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

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

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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.

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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.

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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.

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