PARIS -- European Investment Bank (EIB) Vice-President, Ambroise Fayolle, European Investment Fund (EIF) Deputy Chief Executive, Merete Clausen, and President and Managing Partner of Jolt Capital, Jean Schmitt, have signed a significant EUR 260m cornerstone investment in Jolt Capital V, thereby supporting the team on their path to become one of the largest deep technology focused funds in Europe with Article 9 SFDR qualification. The commitment is largely funded from ETCI, which acts as an anchor for pan-European funds targeting €1bn in size and investing in late-stage technology companies.

Jolt Capital brings its past expertise and track record in deeptech investments that are relevant for key strategic sectors of the EU, such as industry 4.0, AI, cybersecurity, semiconductors, new materials, mobility. It aims to scale up high-growth companies focused on groundbreaking innovation towards viable exits. Some of the targeted sectors have an inherent strong focus on sustainability as well.

Through this significant ticket from EIF, the fund can have a tangible impact on the European technology market and its ability to compete on a global level. Building on its past investment activities in the EU, Jolt Capital will now aim to expand its reach further into major European markets.

With this investment, the EIF is supporting a manager that has been investing in sectors that reinforce Europe’s strategic autonomy and competitiveness. To date, ETCI committed over €2.5 billion in 11 different scale-up technology funds, expected to mobilise €10 billion resources to enable fast-growing tech companies to reach substantial scale. The range of sectors of ETCI funds covers cybersecurity, artificial intelligence, financial technologies, biotechnology, and healthcare, amongst others.