G+D Ventures establishes co-investment platform with Europ. Investment Bank
Munich — G+D Ventures, the venture capital arm of the Giesecke+Devrient Group (G+D), together with the European Investment Bank (EIB), has launched a co-investment platform with a total volume of EUR 50 million to finance European startups in the trust tech environment. The aim of the fund is to invest in the development of innovative solutions that help to strengthen trust (confidence) in a digital (tech) society. These include cybersecurity solutions, privacy protection technologies, digital identity management, and secure authentication and payment systems. Giesecke+Devrient was advised by POELLATH.
G+D is a global security technology group headquartered in Munich, Germany. As a reliable partner for international customers with the highest demands, G+D’s solutions safeguard the essential values of this world. The company develops customized technology with passion and precision in four core areas: Payment, Connectivity, Identities and Digital Infrastructures. In fiscal year 2021, the Group generated sales of EUR 2.38 billion with around 11,800 employees.
The European Investment Bank is the bank of the European Union and also the largest multilateral financing institution in the world. Together, G+D and the EIB pursue the goal of supporting young European startups in the TrustTech environment. This helps to close the funding gap for European early stage startups in this topic area and to advance young companies dedicated to developing innovative solutions for more security.
Advisor Giesecke+Devrient: POELLATH advised G+D on all contractual, tax and regulatory aspects of the fund structuring with the following Berlin team:
Dr. Philip Schwarz van Berk, LL.M. (London) (Partner, Private Funds)
Nele Frie (Associate, Private Funds)
Dennis Fordan (Associate, Private Funds)