Yesterday, the EU announced VentureEU, a new “fund-of-funds program” designed to make the bloc more competitive in the global startup space.
VentureEU will split a $2.6B pot among 6 different European VC firms. So far, the EU has committed $505m of its own budget, but still has to persuade private investors to front the remaining money to hit their goal.
Image: https://thehustle.co
