Venture capital for micro, small and medium-sized enterprises through CEFoF 2017-2026
About CEFoF
Full name:Central European Fund of Funds
Manager: European Investment Fund (EIF)
Established: December 2017
Fund size: 87 mio EUR
Investors:
- Austria: 12 mio EUR
- Czech Republic: 8,2 mio EUR
- Slovakia: 10 mio EUR
- Hungary: 10 mio EUR
- Slovenia: 8 mio EUR
- EIF: 38,8 mio EUR
Basic Characteristic
- up to EUR 8,000,000 in
financing in the form of
venture and mezzanine
capital through private
and venture capital funds
in selected companies
- financing of fast
growing, globally
oriented companies
- development of the
existing venture capital
market and increase in
the number of private
venture capital companies
- promotion of equity
investments in SMEs in the
Central European region
What is CEFoF – Central European Fund of Funds for Venture Capital?
CEFoF – Central Europe Fund of Funds, was designed by the EIF in close cooperation with governments and national agencies of:
- Slovenia
- Austria
- Czech Republic
- Slovakia
- Hungary
with the aim of increasing equity investments in SMEs in the central european region. the fund gives access to venture capital for smes and mid-cap companies (companies with up to 500 employees) in the phase of rapid growth, through supported venture and private capital funds.
Investment commitments were made to 9 private and venture capital funds:
- Invera Private Equity Fund
(prej Ascendant Buy Out Fund) - ENERN Tech III podfund
- Espira Fund I
- Euroventures V Technology and Growth Fund Cooperatief U.A.
- Evolving Europe Principal Investments Fund
- Genesis Growth Equity Fund
- TCEE Fund IV S.C.A. SICAR
- Sandberg Investment Fund II
- Austrian Growth Capital Fund
Size of the fund of funds (CEFoF) is EUR 87 million, of which EUR 8 million is the contribution by the Slovene Enterprise Fund. With additional private capital invested through venture capital companies within the framework of CEFoF, the fund sizes amount to EUR 674 million.
So far, within the framework of the CEFoF project, the participating investors have:
- committed EUR 81,03 million to 9 participating private venture capital funds, for investments in SMEs.
- eight active venture funds have invested in 60 SMEs with high growth potential in the total amount of EUR 267,1 million.
At the beginning of 2022, the first investment in the Slovenian company Marles Hiše d.o.o. was completed by Invera PE Fund in the amount of EUR 5.82 million.
CEFoF investments
Public Fund of the Republic of Slovenia for Entrepreneurship
Short name: Slovene Enterprise Fund
Ulica kneza Koclja 22, 2000 Maribor
Tel.: 02/234 12 60
Fax.: 02/234 12 82
