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The European Investment Bank presented on 9 July in Madrid, Spain its unique growth financing product known as “venture debt” for innovative start-up companies to Spanish investors, institutions and business representatives.
The venture debt aims at providing companies with a tailor-made financing option that enables them to scale up their business.
The EU bank provides around €600 million of financing per year under its venture debt product, supporting thousands of highly-qualified jobs since 2016. Since the start of its venture debt operations in 2015, the Bank has provided more than €1.9 billion to over 90 companies in sectors such as life science, robotics and artificial intelligence.