ABN AMRO joins European initiative to boost growth capital for technology companies
- Products and services
Marieke Ziedses des Plantes
Sr Press Officer Corporate Banking, WM, Personal & BB
ABN AMRO is participating as one of the private partners in the European Tech Champions Initiative 2.0 (ETCI 2.0) and in the initiative’s first close. In doing so, ABN AMRO becomes the first Dutch bank to endorse the initiative. Building on the European Tech Champions Initiative, the EIB Group, together with fourteen institutional investors and six EU member states join forces with over €10 billion to mobilize capital investments at scale and help close the financing gap for Europe’s innovators
More growth capital for innovative companies
Access to sufficient capital is essential for fast-growing technology companies to invest, expand internationally and scale up their operations. This financing gap is particularly pronounced during the growth stage, when access to adequate financing can be challenging. By participating in European Tech Champions Initiative 2.0, ABN AMRO is helping to increase access to capital for innovative European companies.
This will give more European technology companies the opportunity to further develop their innovations and contribute to the energy, digital, mobility and security transitions. This is important for supporting the continued growth of technology, knowledge and economic activity in Europe. For ABN AMRO, this is closely aligned with its strategic ambition to finance Europe’s key transitions in energy, digital, mobility and defence and strengthen economic competitiveness and resilience.
Dan Dorner, Vice Chair of the Executive Board and CCO Corporate Banking at ABN AMRO, says: “Technology companies with international growth ambitions often have to make major decisions at critical points in their development. At those moments, it is not only the availability of capital that matters, but also having a financing market that can grow with their ambitions. In Corporate Banking, we support our clients in making these decisions by combining financing with our sector expertise, our network and our understanding of their international growth ambitions. Our participation in ETCI 2.0 enables us to strengthen that role further. I am proud of this, because it gives innovative European companies more opportunities to realise their ambitions.”Nadia Calviño, EIB Group President, adds: “Europe has world-class talent, innovative companies and technological leadership. With the European Tech Champions Catalyser, we will mobilise capital at scale to turn Europe’s most promising companies into global leaders”
Bringing together public and private capital
The European Investment Bank (EIB) Group is bringing public and private capital together to turn Europe’s technological strength into global leadership with participating EU Member States and private investors. ABN AMRO is one of the private partners participating in the initiative. By bringing together public and private capital, the initiative can mobilise greater investment capacity to support European innovation and growth. Building on the success of the European Tech Champions Initiative, launched in 2023, which has anchored the creation of 15 venture capital megafunds and 16 unicorns – with at least 1 billion euros in value -, the Catalyser aims to mobilise up to €80 billion in total investments, with average tickets of 200 million euros to scale up European tech companies globally.