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European regional development fund (ERDF)

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 79
Average round size
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The average size of a deal this fund participated in
$1M
Portfolio companies 66
Rounds per year 1.55
Lead investments 6
Follow on index
info
How often the fund supports its portfolio startups at next rounds
0.15
Exits 3
Key employees Soon
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Software
  • Biotechnology
  • Information Technology
  • Health Care
  • Artificial Intelligence
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.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of European regional development fund (ERDF):
Typical Co-investors
European regional development fund (ERDF) is more likely to invest in rounds together with the following funds:
There are no funds here. If we find new data, we will add it here.
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after European regional development fund (ERDF):
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Funds with similar focus located in Belgium:
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Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

PulmoBiomed

Biotechnology
Life Science
$959K08 Feb 2024 Newcastle upon Tyne, North East, United Kingdom

Losanje

Manufacturing
Retail
Textiles
$2M06 Oct 2023 Franche-Comte, Bourgogne-Franche-Comté, France

Mifundo

Financial Services
$1M17 Nov 2022 Tallinn, Harjumaa, Estonia

Archeon

Medical Device
$6M16 Mar 2022 Besançon, Franche-Comte, France

3DEO NI

$1M19 Oct 2021 Belfast, Northern Ireland, United Kingdom

Fleming

Apps
Health Care
Information Technology
mHealth
Wellness
$1M01 Aug 2021 Vilnius, Vilniaus Apskritis, Lithuania

SimpleStudy.ie

EdTech
Education
Secondary Education
$47K31 Mar 2021 Cork, Cork, Ireland

NovaBleep

Analytics
Artificial Intelligence
Big Data
Communications Infrastructure
Data Visualization
Health Care
Hospital
Information Technology
Machine Learning
Medical
$205K30 Mar 2021 -

Attention Insight

Advertising
Analytics
Artificial Intelligence
Data Visualization
Machine Learning
Web Design
$342K01 Jan 2021 Vilnius, Vilnius County, Lithuania

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Total investments 79
Average round size 1M
Rounds per year 1.55
Peak activity year 2020
Lead investments 6
Follow on index 0.15
Exits 3
Group Appearance index 0.48

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

PulmoBiomed

Biotechnology
Life Science
$959K08 Feb 2024 Newcastle upon Tyne, North East, United Kingdom

Losanje

Manufacturing
Retail
Textiles
$2M06 Oct 2023 Franche-Comte, Bourgogne-Franche-Comté, France

Mifundo

Financial Services
$1M17 Nov 2022 Tallinn, Harjumaa, Estonia

Archeon

Medical Device
$6M16 Mar 2022 Besançon, Franche-Comte, France

3DEO NI

$1M19 Oct 2021 Belfast, Northern Ireland, United Kingdom

Fleming

Apps
Health Care
Information Technology
mHealth
Wellness
$1M01 Aug 2021 Vilnius, Vilniaus Apskritis, Lithuania

SimpleStudy.ie

EdTech
Education
Secondary Education
$47K31 Mar 2021 Cork, Cork, Ireland

NovaBleep

Analytics
Artificial Intelligence
Big Data
Communications Infrastructure
Data Visualization
Health Care
Hospital
Information Technology
Machine Learning
Medical
$205K30 Mar 2021 -

Attention Insight

Advertising
Analytics
Artificial Intelligence
Data Visualization
Machine Learning
Web Design
$342K01 Jan 2021 Vilnius, Vilnius County, Lithuania
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