- The guarantee agreement will support innovative European startups addressing social and environmental issues in various sectors.
- This agreement was made possible with the support of the InvestEU program.
Madrid. 16 January 2024. – Zubi Capital and the European Investment Fund (EIF) have entered into a strategic agreement under the InvestEU guarantee program that will promote the growth of impact startups. Zubi Capital will have a guarantee line from the EIF under the InvestEU Fund covering the thematic area of ‘Innovation and Digitalization.’
European support through the InvestEU program, which promotes investments in support of the common policy priorities of the European Union, will facilitate access to tailored debt financing solutions on favorable terms for startups with the ambition to create social and environmental impact in Europe.
The collaboration between Zubi Capital and the EIF guarantee program will be launched immediately and will offer significant advantages to entrepreneurs seeking financing for their companies. This partnership represents a commitment to fostering innovation and impact, strengthening the economy, and creating sustainable employment opportunities throughout Europe.
José Nistal, CEO of Zubi Capital, commented: “The guarantee program is key to successfully execute our mission; generating positive social, environmental, and economic impact through our investments. Thanks to the support and trust of the EIF, Zubi Capital can now offer better financing terms to startups that aim to make a positive economic, environmental and social impact, serving as a catalyst for exponential growth and impact.”
Marjut Falkstedt, CEO of the EIF, added: “This agreement with Zubi Capital, under the InvestEU program, will help innovative entrepreneurs pursue their impact mission. When business success is combined with a positive impact on society and the planet, we have the kind of beneficial situation for everyone that can be a game-changer. At the EIF, we will continue to mobilize our financial resources in support of companies that bring long-term benefits to people and the planet.”
Zubi Capital is the independent impact investment arm of Zubi Group, established in 2020 with the aim of promoting impact generation through investments in innovative companies addressing social and environmental issues.
The InvestEU program provides the European Union with key long-term funding by mobilizing significant private and public funds in support of sustainable recovery. It also helps boost private investment towards the priorities of the European Union’s policy, such as the European Green Deal and digital transition. The InvestEU program consolidates a variety of financial instruments currently available to support investment in the European Union, making project financing in Europe simpler, more efficient, and flexible. The program consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is implemented through financial partners investing in projects using the EU’s €26.2 billion budgetary guarantee. The entire budgetary guarantee supports the investment projects of executing partners, enhances their risk-taking capacity, and aims to mobilize at least €372 billion in additional investment.