European regional development fund (ERDF)

Summary

The fund is generally included in less than 2 deals every year. When the investment is from European regional development fund (ERDF) the average startup value is 1-5 millions dollars. The usual things for fund are deals in the range of 1 - 5 millions dollars. The real fund results show that this VC is 1 percentage points more often commits exit comparing to other companies. The high activity for fund was in 2019.

Besides, a startup needs to be aged 6-10 years to get the investment from the fund. The fund has no specific favorite in a number of founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Among the most popular fund investment industries, there are Biopharma, Analytics. Among the various public portfolio startups of the fund, we may underline adsquare, Ibex Innovations, Avid Technology Group

The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the European regional development fund (ERDF), startups are often financed by Northstar Ventures, North East Technology Fund, EASME - EU Executive Agency for SMEs. The meaningful sponsors for the fund in investment in the same round are Northeast Venture Fund ( NEVF ), Mercia Fund Managers, Scottish Investment Bank. In the next rounds fund is usually obtained by Target Partners, REV, NGP Capital.