Investors Disclosure

The operation of IISUTIB Practica Venture Capital III KŪB benefits from support from the European Union under the InvestEU Fund

The investment by the EIF into IISUTIB Practica Venture Capital III KŪB is made in the name and under exclusive responsibility of EIF in the context of the BIF 2 initiative, an initiative supported by the Republic of Estonia, the Republic of Latvia and the Republic of Lithuania and EIF. The BIF 2 is an initiative created by cooperation between the Republic of Estonia, the Republic of Latvia, the Republic of Lithuania and EIF.

About European Investment Fund

The European Investment Fund is part of the European Investment Bank Group. Its central mission is to support Europe’s small and medium-sized enterprises (SMEs) by helping them access finance. The EIF designs and develops venture and growth capital, guarantees, and microfinance instruments that specifically target this market segment. In this role, the EIF furthers key EU policy objectives such as competitiveness and growth, innovation and digitalization, social impact, skills and human capital, climate action and environmental sustainability, and more.

The InvestEU programme provides the European Union with crucial long-term financing by mobilizing significant public and private funds to support a sustainable recovery. It helps generate additional investments in line with key EU priorities, such as the European Green Deal, the digital transition, and support for SMEs. The InvestEU programme brings together a multitude of EU financial tools to support investment by making project financing simpler, more efficient, and more flexible. The programme has three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is implemented via various financial partners. They will invest in projects by using the EU budget guarantee of €26.2 billion to mobilize at least €372 billion in additional investments.