The university venture fund now has €75m under management, having previously secured €70m from limited partners including Sopartec, the tech transfer office of UCLouvain, and IMBC Spinnova, the venture fund of the University of Mons in Belgium, as well as the European Investment Fund.
HR, payroll and employee medical services provider Securex and insurance firms Lalux and Axa have also backed the fund, as have Belfin, BNPP Fortis Private Equity, ING Belgique, Investsud, Namur Invest, Nivelinvest, finance&invest.brussels, Sambrinvest, SFPI-FPIM, two unnamed family offices and VIVES’s management team.
VIVES IUF is one of several multi-university venture funds in Belgium and the model is a common approach for institutions in Europe, according to a recent analysis by Global University Venturing.
The fund had originally targeted a €50m close. Philippe Durieux, chief executive of VIVES, says: “We are thrilled to have surpassed our financial goals for this fund, which demonstrates the trust investors place in our capability to develop successful spinoffs and startups across our inter-regional ecosystem.
“LFF 2’s investment in VIVES IUF shows our ambition to become a key investor in the European innovation ecosystem and to address the numerous challenges in the fields of health, agriculture, industry and technology transfer.”
Source link : https://globalventuring.com/university/european-university-venture-fund-vives-raises-capital-from-luxembourg/
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Publish date : 2024-09-09 07:00:00
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