Criteria inyectará 250 millones en el macrofondo europeo de 'scale up'

CaixaBank's CaixaCaixa holding confirms its 250 million euro investment commitment within the European scale-up macro fund. CriteriaCaixa, the holding of the La Caixa Banking Foundation, approved a 250 million euro investment commitment in the Scaleup Europe Fund, a macro fund for mid-sized technological companies promoted by the European Commission.

The fund aims to have a total of 5,000 million euros to support the consolidation and growth of emerging European companies, mainly in the field of deep technologies. The fund will be managed by the risk capital firm EQT. CriteriaCaixa, based in Barcelona, had previously announced its decision to join the European scale-up vehicle as part of its new venture capital policy and has now specified the amount of its investment.

Its president, Isidro Fainó, emphasized the firm commitment of CaixaCaixa to the European investor ecosystem, collaborating with EU institutions and other institutional foundations and investors to generate a positive and sustainable impact on the economy and society. The holding channels its participation in the European fund through its new manager, Criteria PE Management, which joins Criteria Capital Risc.

The Scaleup Europe Fund founders also include Santander, Allianz, Novo Holdings, Wallenberg Investments, EIFO, APG, or Fondazione Compagnia di San Paolo. The European Commission's objective with this vehicle is to cover the financing gap that promising emerging companies may face and consolidate their presence in Europe, with the consequent positive effect on EU technological sovereignty.