Vestberry is proud to announce its new partnership with the European Innovation Council Fund (EIC Fund), a pivotal institution in the European Union’s mission to foster technological innovation within the EU.
About the European Innovation Council Fund (EIC Fund)
The European Innovation Council Fund from the European Commission is an agnostic Fund: it invests across all technologies and verticals in all EU countries and countries associated with Horizon Europe. It provides the investment component of the EIC Accelerator blended finance. To help with all the EIC fund investment decisions, the European Investment Bank (EIB) acts as an investment advisor, conducting a thorough due diligence process.
The EIC Fund’s main purpose is to support companies in the development stages and help commercialize disruptive new technologies while reducing the innovation divide among EU countries. It shares risk by building a large network of capital providers and strategic partners suitable for co-investments and follow-on funding. Additionally, the Fund places a strong emphasis on empowering and supporting female founders.
With a budget surpassing €3 billion, the EIC Fund endorses a diverse array of groundbreaking ideas, from next-gen prostate cancer tests to modern textile factory solutions and innovative space satellite movement technology. We are thrilled to provide our portfolio intelligence software to support the EIC in driving innovation across the EU.
For more information about EIC Fund, eic.ec.europa.eu/eic-fund_en
About Vestberry and its solution
Vestberry is a portfolio intelligence solution tailored to the needs of VC investors seeking a data-driven advantage. Our platform consolidates vital portfolio information and turns it into powerful analytics, enabling venture capital professionals to concentrate on extracting valuable insights from their data rather than managing it.
Implementing Vestberry, the EIC Fund seeks to build a single source of truth for all its investments and portfolio companies while reducing time wasted on repetitive and administrative tasks. The team expects to improve business comprehension from the portfolio allocation to the LP reporting and, most importantly, to provide value to its startups.