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The European Funding Fund (EIF), on Thursday, introduced that it has signed a €50M participation in Copenhagen-based 9 Realms Enterprise Capital’s newest fund — Fund I Ok/S, with a goal of €200M.
EIF dedication is backed underneath the European Fee’s InvestEU Joint Fairness Product and Local weather & Surroundings Options envelope.
“Provide chains are an underestimated a part of our local weather puzzle,” says EIF Chief Govt Marjut Falkstedt. “By way of each its carbon footprint and the optimisation of logistics for perishable items, there’s a lot to realize on this sector. We’re glad that 9 Realms takes on the problem and are blissful to assist this as an integral a part of our local weather financing.”
The EIF is a part of the EIB Group. It helps Europe’s SMEs by enhancing their entry to finance by way of a variety of chosen monetary intermediaries.
The EIF designs, promotes, and implements fairness and debt financing devices focusing on SMEs. On this position, EIF fosters EU targets in assist of entrepreneurship, progress, innovation, analysis and improvement, inexperienced and digital transitions, and employment.
Fund utilisation
With the newest fund, 9 Realms will assist early-stage corporations within the provide chain know-how sector, focusing strongly on local weather and environmental impression – together with the blue economic system.
9 Realms will primarily give attention to the EU; at the least 70 per cent of the investments are destined for EU nations.
The fund can have a specific give attention to Germany, already a key marketplace for the fund supervisor, the place it is going to additionally open a neighborhood workplace.
Via this fund, the Danish firm goals to handle the funding hole within the early-stage provide chain know-how sector in Europe, in addition to the maturity hole between European and American ecosystems.
Presently, Europe solely receives 5 per cent of logistics enterprise funding worldwide regardless of representing 13 per cent of total enterprise funding and being house to greater than 50 per cent of
giant logistics corporations.
9 Realms Fund: Investor specialised within the provide chain.
9 Realms invests within the intersection of provide chain and sustainability. The fund targets early-stage corporations with robust product-market match and potential for fast progress, primarily in Europe and the USA.
The 9 Realms crew, which incorporates insiders in Provide Chain and Enterprise Capital, is led by the Founder and former Managing Accomplice of Maersk’s Enterprise Arm, Maersk Progress.
“We’re thrilled that the European Funding Fund recognises the immense potential on the intersection of provide chain and sustainability,” provides Sune Stilling, Managing Accomplice at 9 Realms VC.
“Their funding in 9 Realms Fund I validates our imaginative and prescient to assist transformative applied sciences that not solely optimise effectivity and resiliency, but in addition drive vital environmental impression. With our deep experience in each Provide Chain and Enterprise Capital, we’re uniquely positioned to establish and nurture the subsequent technology of game-changers on this €7 trillion market. Collectively, we’ll construct a extra resilient, environment friendly, and sustainable future for world provide chains,” provides Stilling.
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