EIB Group makes first ETCI co-investment in Exein, Europe's newest cybersecurity unicorn
Luxembourg, Sept. 15 -- The European Investment Bank Group, through the European Investment Fund (EIF) has completed the first investment under the European Tech Champions Initiative (ETCI) Co-investment Facility, investing in Italian cybersecurity company Exein alongside Headline Growth, an ETCI backed manager. The transaction marks a significant milestone for ETCI, demonstrating how the initiative can combine indirect and direct capital to invest in Europe's most promising technology companies and help them scale globally while remaining anchored in Europe.Following the funding round of approximately €234 million, Exein reached a valuation of approximately €1.45 billion, becoming one of Europe's most valuable cybersecurity com...
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