Venture debt

Venture debt or quasi-equity is financing tailored for fast growing, innovative SMEs and mid-caps seeking to accelerate their growth and invest in research and development. It shares features of both a loan and an equity investment: the repayment is aligned with the performance of the company.
 

Non-dilutive funding

The financing does not dilute the founders’ ownership stake, keeping motivation high, while complementing the equity capital.

 

Bespoke financing

Loans can be secured or unsecured and provide different levels of subordination (including contingent/participating loans).

 

Hands-off approach

The EIB assumes no direct involvement in daily management.

 

Signalling effect

The EIB’s financing is often seen as a quality stamp, helping the project attract additional investors.

Who is eligible

  • SMEs and mid-caps

What is eligible

Investments in research & development (purchase or renovation of assets, increasing working capital, etc) which are undertaken over a period of up to 3 years. Minimum commitment of €7.5 million, covering a maximum of 50% of the total investment costs. Companies must be able to demonstrate sound corporate governance, viable business plans, and sustainable capital structures. The investments must target EIB priorities (especially Innovation and Skills).

Find information on pricing, geographical availability and other terms.

Download the eligibility form

 

Loans  

Lending to clients of all sizes to support sustainable growth and job creation.

Equity  

Through our investments in equity and funds we stimulate and catalyse private capital

Guarantees  

Covering risks of large and small projects, as well as loan portfolios.

Advisory services  

Technical and financial expertise for our clients