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Unquote
  • UK / Ireland

EUROPE - Fundraising for corporate venturing reached EUR 412m in 2006

  • Sarah
  • 04 October 2007
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European venture independent fundraising reached EUR 412m in 2006, the highest level since the 2000 boom, according to data collected for EVCA's Corporate Venturing Survey. The industry body released the figures at its 10th annual forum taking place in Stockholm today. The figures for independent fundraising topped 2005's levels by 57%. The money put to work also rose - up by 32% from EUR 430m in 2005 to EUR 569m in 2006.

Together companies in the UK and France accounted for 51% of the total sum invested. As in 2005, France ranked first by amount or by number of investments in 2006 with EUR 194m invested in 48 companies. Divestment at cost amounted to EUR 224m in 2006, a 71% increase on 2005.
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