EIF's incoming chief says Europe's Tech Champions funds hold 15 unicorns

Jean-Christophe Laloux, incoming CEO of the European Investment Fund, said the nearly €4bn European Tech Champions Initiative has backed 12 funds that already hold 15 European unicorns. A second version is expected in November, adding €300–500m funds and a co-investment platform.

• European Tech Champions Initiative is a ~€4bn fund of funds backed by six states and the EIB
• The initiative has backed 12 funds holding 15 European unicorns
• A second version is due in November with €300–500m funds and a co-investment platform
• The EIB has earmarked €3bn for EU AI gigafactories