Luxembourg launches €270M Future Fund 3 to back startups and SMEs
What's the deal? Luxembourg has unveiled Future Fund 3Dealroom has a profile for this one. Try Dealroom →, a fund-of-funds that will channel €270 million into startups and small and medium-sized enterprises. Finance Minister Gilles Roth and Economy Minister Lex Delles presented the vehicle on Friday.
Who's backing it? The national credit and investment institution SNCIDealroom has a profile for this one. Try Dealroom → and the European Investment Fund are together putting in the €270 million. The money will flow into other funds rather than directly into companies.
What's the endgame? The fund aims to diversify Luxembourg's economy by financing firms in sectors the country wants to grow, including health technologies, space technologies, and logistics.
Why now? Future Fund 3 follows its two predecessors, which together invested €263 million. It is not clear how many companies benefited from those earlier funds.
The signal: With a larger commitment than the first two funds combined, Luxembourg is doubling down on public capital as a lever to pull private investment into strategic industries.
Read more: rtl.lu
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