Investing in Agrifood: EIF Backs €100 million Irish agricultural innovation fund
Luxembourg, June 9 -- The European Investment Fund (EIF), part of the EIB Group, today confirmed a commitment of EUR 25 million to Yield Lab Europe Fund 2, a pan-European early-stage venture capital fund targeting innovative agrifood technology companies. The announcement was made during a visit Dublin by EIB Vice President Ioannis Tsakiris for the Ireland-EIB Financing Group ministerial meeting.The EIF anchor commitment, backed by InvestEU, supports a fund expected to mobilise EUR 100 million for new investment in the sector, with 30% being deployed in Ireland and the remaining capital will be deployed across Europe.Managed by Yield Lab Europe - one of the few dedicated pan-European agrifood venture capital investors with a proven track re...
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