Fotografen-Service provides an SaaS tool to support professional photographers.
Matthias Ummenhofer, head of venture capital at the European Investment Fund (EIF) said, “It is exciting to see the European Angels Fund become operational so quickly after its launch. In view of the healthy pipeline, we look forward to teaming up with other Business Angels and believe that the EAF is an important tool to help bridge the financing gap in the seed and early-stage segment in Germany and in strengthening Business Angels and non-institutional investors as an asset class more generally.”
After a ramp-up of the pilot in Germany, the activity of the EAF will be extended to other European countries to support cross-border collaboration between Business Angels, he said.
The EAF is managed by the EIF, and provides equity to business angels and other non-institutional investors through co-investments.
It started its activities in Germany in March 2012 in close cooperation with Business Angels Netzwerk Deutschland (BAND) and the ERP-EIF Dachfonds.
Copyright © 2012 AltAssets