Stockholm-based fintech company Invoier, who has built and established a marketplace for fair and transparent trading of invoices, has secured a EUR 4.1 million equity funding by EU’s innovation organization, the European Innovation Council (EIC) Fund.
About the EIC Fund:
Established in June 2020, the European Innovation Council Fund (EIC Fund) is a breakthrough initiative of the European Commission to make direct equity and quasi-equity investments (between €500.000 and €15 million) in European high impact, deep tech start-ups and scale ups. The EIC Fund provides patient capital and invests in companies from any sector, across all EU countries and countries associated with Horizon 2020.
The EIC Fund aims to fill a critical financing gap and its main purpose is not to maximise financial investment returns, but to have a high impact by accompanying companies with disruptive technologies in their growth. Its objective is to crowd in market players, further sharing risks by building a large network of capital providers and strategic partners suitable for co-investments and follow-on funding. The Fund pays particular attention to empower and support female founders as well as contributing to reducing the innovation divide among EU countries. Read more about EIC >>