The EIF commits €50 million via the InvestEU Defence Equity Facility to Join Capital Fund III for European deeptech and dual-use
Luxembourg, March 5 -- The European Investment Fund (EIF), part of the EIB Group, announces at the EIB Group Forum in Luxembourg a €50 million commitment to Join Capital's third fund as Europe moves from defence spending announcements to rebuilding industrial capability.The commitment is the EIF's largest to date in defence and supported by the InvestEU Defence Equity Facility, which is designed to strengthen Europe's defence technological and industrial base by backing venture capital funds.Join Capital's Fund III, targeting €235 million, will invest in 25 early-stage deeptech startups across Europe developing technologies with critical capabilities in defence, dual-use, security and space. Join Capital has backed early-stage d...
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