This investment aligns with the LFF’s mission to strengthen Luxembourg’s technology ecosystem and facilitate access to financing for high-potential fintech entrepreneurs, while promoting the adoption of next-generation technologies capable of transforming the global financial and banking sectors.
“Our investment confirms Luxembourg’s commitment to remaining at the forefront of technological innovation, leveraging fintech to enhance the country’s competitiveness while addressing the challenges and seizing the opportunities in the financial sector,” said Eva Kremer, CEO of SNCI.
Founded in 2016, MiddleGame Ventures boasts a strong track record, having invested over €300 million in 50 companies since its inception. The fund draws on its in-depth expertise in the fintech sector, enabling it to identify and support the most innovative startups capable of transforming the financial landscape through disruptive digital solutions.
“The support of the Luxembourg Future Fund is a true vote of confidence in our investment strategy. We are honored to have such a prestigious institutional partner, one that shares our vision for the future of international financial services,” said Pascal Bouvier, co-founder and General Partner of MiddleGame Ventures.
With a budget of €200 million, including €160 million committed by SNCI, the Luxembourg Future Fund 2 is managed by the European Investment Fund (EIF). It aims to strengthen Luxembourg’s technological competitiveness by supporting innovative companies with high growth potential.
“For European ideas to come to life and thrive in Europe, we must strengthen financial support at every stage of a company’s lifecycle. Through our partnership with SNCI within the Luxembourg Future Fund, we want to realize this ambition in Luxembourg as well,” added Marjut Falkstedt, CEO of the European Investment Fund. “This new investment fully reflects this objective, which is to stimulate technological innovation and competitiveness while strengthening Luxembourg businesses and the European economy.”
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About SNCI
The Société Nationale de Crédit et d’Investissement (SNCI) is a public banking institution specializing in providing financing to commercial companies based in Luxembourg, with a particular focus on SMEs. It co-finances companies at every stage of their development, thus contributing to the sustainable economic diversification of Luxembourg. SNCI intervenes directly or indirectly through loans intended to partially cover the financing of projects for creation, expansion, transfer, or innovation. SNCI also acquires and manages shares in companies and investment funds that are of strategic importance for the development and diversification of the Luxembourg economy. www.snci.com
SNCI Press Contact: communications@snci.lu, tel. +352 46 19 71 1
About the EIF
The European Investment Fund (EIF) is part of the European Investment Bank Group. Its core mission is to support European micro, small and medium-sized enterprises (SMEs) by helping them access finance. The EIF designs and develops venture capital and growth capital instruments, guarantees, and microfinance instruments that specifically target this market segment. In this capacity, the EIF promotes the achievement of the EU’s objectives in the areas of innovation, research and development, entrepreneurship, growth, and jobs. For more information, please visit http://www.eif.org.
EIF Press Contact: Tim Smit, t.smit@eib.org, +352 691 28 64 23