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Iceland: Sidekick Health Secures €35 Million Venture Debt from EIB to Accelerate R&D and Global Expansion
The European Investment Bank (EIB) and Sidekick Health — a global leader in integrated digital health and therapeutics — today announced the signing of a €35 million venture debt facility, backed by a dedicated life science venture debt window of the European Commission’s InvestEU programme. It provides Sidekick with dedicated capital to accelerate R&D activities, expand its digital therapeutics portfolio, enhance AI capabilities, and strengthen its data and platform infrastructure — delivering scalable, secure, and impactful solutions for patients, payers, and pharmaceutical partners worldwide. The agreement represents the EIB Group’s first venture debt transaction in Iceland, where Sidekick is headquartered.
Finland: Helsinki to get new tramline and a depot with €400 million EIB package
The European Investment Bank (EIB) is providing a €400 million financing package to help the Finnish capital Helsinki build a tramline to three suburbs, construct a new tram and bus depot, purchase new trams, and add pathways for cyclists and pedestrians. The EIB support involves loans of €150 million to the City of Helsinki and €250 million to metropolitan transport company Metropolitan Area Transport Ltd (Pääkaupunkiseudun Kaupunkiliikenne Oy) for the “Crown Bridges Light Rail” project.
EIB Global strengthens its support for the water and sanitation sector in Tunisia with EU backing and launches technical assistance financed by the European Union in support of priority public sector projects
The European Investment Bank (EIB) is stepping up its support for the water sector in Tunisia with two new loans totalling €30 million – a €22 million finance contract signed with Société nationale d’exploitation et de distribution des eaux (Sonede) and an €8 million contract signed with the Republic of Tunisia. Both operations are backed by a guarantee from the European Commission and will help finalise a structural project for drinking water supply in Greater Tunis, the most densely populated region of the country which is faced with growing demand for water.