Technology

G + D Ventures and EIB will deploy € 50 million to invest in European trusttech startups

Munich-based venture capital company G + D Ventures And that European Investment Bank (EIB) has deployed a € 50 million co-investment platform to support European start-ups in a trusttech environment. The purpose of this fund is to bridge the funding gaps of early EU start-ups in this area and advance young companies working to develop innovative solutions that enhance security.

The fund will invest in European start-ups working on solutions to increase security and trust in the digital world. This includes startups that provide cybersecurity solutions, privacy protection technologies, digital identity management, secure authentication and payment systems.

Ralph Winter GarstGiesecke & Debrient’s Chairman of the Board and Group CEO said: With this fund, we hope to provide targeted support to European start-ups developing to make the digital world safer. “

Ambroise Fayor, EIB Vice President said: “Cybersecurity and trust technology are becoming more and more important to the digital future of Germany and other European countries. We look forward to opening up this market in Europe.”

https://tech.eu/2022/06/22/gd-ventures-and-eib-roll-out-eur50-million-to-invest-in-trust-tech-startups-in-europe G + D Ventures and EIB will deploy € 50 million to invest in European trusttech startups

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