European Investment Fund Puts €40m Into Defence Tech Venture Fund

European Investment Fund puts €40m into defence tech venture fund

The EIF's first investments in defence startups highlight how investors' mindsets have shifted since Russia's full-scale invasion of Ukraine.

The EU will make its first contribution to a dedicated defense fund and help to develop the defense industry together with Ukraine.

The EU will invest the first €40M into a dedicated European defense fund, seeking to strengthen its military capabilities. The European Investment Fund (EIF), which provides financing to small and medium-sized enterprises, will contribute to the fund being formed by Keen Venture Partners with a target volume of €125M. The EIB, the EU financial institution of which the EIF is a member, is expected to increase its investment in defense projects by…

European Investment Fund Commits €40 Million to Pioneering Defence Tech Fund, Supporting Europe’s Strategic Autonomy

European Investment Fund Partners with EIB and ICO to Boost Spanish SMEs and Promote Green Projects (IN BRIEF) The European Investment Fund (EIF) has made its first investment in a dedicated European defence fund, committing €40 million to Keen’s European Defence and Security Tech Fund. The fund will focus on early-stage companies pioneering technologies in areas like cyber defence, robotics, AI, and space technologies. This investment underscor…

EIF announces EUR 40 million investment in Keen Venture Partners’ European fund

As Europe faces an unprecedented level of security threat, innovation in defence, security, and space technologies has become a strategic imperative. The EIB Group has stepped up its support to the security and defence industry in 2024, widening the scope of defence and security projects eligible for financing earlier this March.   The European Investment […] The post EIF announces EUR 40 million investment in Keen Venture Partners’ European fun…