EIF Pledges €40 Million to SevenGen Growth Fund to Boost Sustainable Innovation and Impact

EIF Pledges €40 Million to SevenGen Growth Fund to Boost Sustainable Innovation and Impact

(IN BRIEF) The European Investment Fund has committed €40 million to the SevenGen Growth Fund, which focuses on scaling profitable companies in sustainability-related sectors. The fund will target businesses across the Benelux, Germany, and the Nordics that are poised for growth but need additional capital. This partnership highlights a shared vision of driving sustainable economic development and innovation.

(PRESS RELEASE) LUXEMBOURG, 6-Feb-2025 — /EuropaWire/ — The European Investment Fund (EIF) has announced a major commitment to the SevenGen Growth Fund Coöperatief U.A., with a €40 million investment aimed at fostering companies that contribute to sustainability. This partnership will focus on scaling businesses that are already EBITDA-positive and operate within the energy, mobility, built environment, and industrial decarbonisation sectors across the Benelux, Germany, and the Nordics.

The fund, managed by SevenGen Investment Partners B.V., targets companies that are financially stable but require additional growth capital to accelerate innovation and expand their influence. With the EIF’s backing, the fund is poised to fast-track its investment strategy, driving sustainable growth and positive impact in the sectors that are essential for future generations. However, the EIF’s commitment is still pending the fulfillment of several conditions precedent.

Marjut Falkstedt, Chief Executive of the EIF, emphasized the alignment of the agreement with the EIF’s mission to promote sustainable economic growth across Europe. “By bolstering ecosystems in critical sectors, we aim to support innovation and growth that is both impactful and transformative,” said Falkstedt. “This collaboration with SevenGen reinforces our shared vision to drive sustainability and accelerate the adoption of transformative technologies.”

Frederik Deutman, Managing Partner at SevenGen, expressed his pride in welcoming the EIF as an anchor investor. “Their trust in our strategy validates our focus on assisting profitable companies poised for growth. This partnership will allow us to expedite innovation and scale these businesses, addressing a market gap that traditional buyout models often overlook. Our objective is to achieve strong financial returns while delivering measurable impact and additional value.”

SevenGen’s strategy revolves around investing in enterprises that reduce costs within their value chains, thus making sustainable products and services more accessible to a wider audience. By accelerating the growth of these businesses, SevenGen aims to maximize both financial returns and positive environmental and social impact.

Background information:

The European Investment Fund is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized enterprises (SMEs) by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, the EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

SevenGen is an independent investment firm based in Amsterdam. The firm focuses on high-impact investments in profitable companies within the energy, mobility, built environment, and industrial decarbonisation sectors across the Benelux, Germany, and the Nordics. SevenGen distinguishes itself by targeting businesses that are profitable and have outgrown the venture capital phase, and by delivering growth capital to accelerate impact and scalability.

Media Contact:

Tim Smit
+352 691 28 64 23
t.smit@eib.org

SOURCE: European Investment Fund