Purpose of financing
<\/h2><\/div>CEFoF (Central Europe Fund of Funds), a Central European fund of funds for venture capital, was designed by the EIF in close cooperation with the governments and national agencies of Slovenia, Austria, the Czech Republic, Slovakia, and Hungary. Its goal is to increase equity investments in SMEs in the Central European region and to enable companies (with up to 500 employees) in the rapid growth phase to access venture capital through supported venture and private equity funds. <\/p>\n<\/div><\/div><\/div><\/div><\/div>
Participating venture capital funds
<\/h2><\/div><\/div><\/div><\/span><\/a><\/span>Austrian Growth Capital Fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A general private equity fund that invests in the lower mid-market segment in the DACH and CEE regions, with a focus on Austria.<\/p>\n<\/div>
Status: active (until 29 November 2026)
Fund size: EUR 132.92 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>INVERA Private Equity Fund C.V.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A private equity fund that invests in the lower mid-market segment in the Western Balkans, with a focus on Croatia and Slovenia.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 61.72 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>Sandberg Investment Fund II SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A private equity fund that invests in SMEs, predominantly in Slovakia and the Czech Republic.<\/p>\n<\/div>
Status: active (until 12 January 2026)
Fund size: EUR 130 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>TCEE Fund IV S.C.A. SICAR<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A venture capital fund that invests in companies from the ICT sector in the early stages of growth.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 110.84 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>Evolving Europe Principal Investments I SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period: 25. 5. 2025<\/p>\n<\/div><\/div><\/div>
Euroventures V Technology and Growth Fund Cooperatief U.A.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period 27.3.2025<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>ENERN Tech III sub-fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>ENERN Tech III is a venture capital fund that invested in the growth and international expansion of innovative start-ups in the region.<\/p>\n<\/div>
Status: inactive
End of investment period 29.6.2020<\/p>\n<\/div><\/div><\/div>
CEFoF (Central Europe Fund of Funds), a Central European fund of funds for venture capital, was designed by the EIF in close cooperation with the governments and national agencies of Slovenia, Austria, the Czech Republic, Slovakia, and Hungary. Its goal is to increase equity investments in SMEs in the Central European region and to enable companies (with up to 500 employees) in the rapid growth phase to access venture capital through supported venture and private equity funds. <\/p>\n<\/div><\/div><\/div><\/div><\/div>
Participating venture capital funds
<\/h2><\/div><\/div><\/div><\/span><\/a><\/span>Austrian Growth Capital Fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A general private equity fund that invests in the lower mid-market segment in the DACH and CEE regions, with a focus on Austria.<\/p>\n<\/div>
Status: active (until 29 November 2026)
Fund size: EUR 132.92 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>INVERA Private Equity Fund C.V.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A private equity fund that invests in the lower mid-market segment in the Western Balkans, with a focus on Croatia and Slovenia.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 61.72 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>Sandberg Investment Fund II SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A private equity fund that invests in SMEs, predominantly in Slovakia and the Czech Republic.<\/p>\n<\/div>
Status: active (until 12 January 2026)
Fund size: EUR 130 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>TCEE Fund IV S.C.A. SICAR<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A venture capital fund that invests in companies from the ICT sector in the early stages of growth.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 110.84 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>Evolving Europe Principal Investments I SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period: 25. 5. 2025<\/p>\n<\/div><\/div><\/div>
Euroventures V Technology and Growth Fund Cooperatief U.A.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period 27.3.2025<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>ENERN Tech III sub-fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>ENERN Tech III is a venture capital fund that invested in the growth and international expansion of innovative start-ups in the region.<\/p>\n<\/div>
Status: inactive
End of investment period 29.6.2020<\/p>\n<\/div><\/div><\/div>
Austrian Growth Capital Fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A general private equity fund that invests in the lower mid-market segment in the DACH and CEE regions, with a focus on Austria.<\/p>\n<\/div>
Status: active (until 29 November 2026)
Fund size: EUR 132.92 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>INVERA Private Equity Fund C.V.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A private equity fund that invests in the lower mid-market segment in the Western Balkans, with a focus on Croatia and Slovenia.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 61.72 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>Sandberg Investment Fund II SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A private equity fund that invests in SMEs, predominantly in Slovakia and the Czech Republic.<\/p>\n<\/div>
Status: active (until 12 January 2026)
Fund size: EUR 130 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>TCEE Fund IV S.C.A. SICAR<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A venture capital fund that invests in companies from the ICT sector in the early stages of growth.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 110.84 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>Evolving Europe Principal Investments I SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period: 25. 5. 2025<\/p>\n<\/div><\/div><\/div>
Euroventures V Technology and Growth Fund Cooperatief U.A.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period 27.3.2025<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>ENERN Tech III sub-fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>ENERN Tech III is a venture capital fund that invested in the growth and international expansion of innovative start-ups in the region.<\/p>\n<\/div>
Status: inactive
End of investment period 29.6.2020<\/p>\n<\/div><\/div><\/div>
A general private equity fund that invests in the lower mid-market segment in the DACH and CEE regions, with a focus on Austria.<\/p>\n<\/div>
Status: active (until 29 November 2026)
Fund size: EUR 132.92 million<\/p>\n<\/div><\/div><\/div>
INVERA Private Equity Fund C.V.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A private equity fund that invests in the lower mid-market segment in the Western Balkans, with a focus on Croatia and Slovenia.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 61.72 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>Sandberg Investment Fund II SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A private equity fund that invests in SMEs, predominantly in Slovakia and the Czech Republic.<\/p>\n<\/div>
Status: active (until 12 January 2026)
Fund size: EUR 130 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>TCEE Fund IV S.C.A. SICAR<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A venture capital fund that invests in companies from the ICT sector in the early stages of growth.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 110.84 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>Evolving Europe Principal Investments I SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period: 25. 5. 2025<\/p>\n<\/div><\/div><\/div>
Euroventures V Technology and Growth Fund Cooperatief U.A.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period 27.3.2025<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>ENERN Tech III sub-fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>ENERN Tech III is a venture capital fund that invested in the growth and international expansion of innovative start-ups in the region.<\/p>\n<\/div>
Status: inactive
End of investment period 29.6.2020<\/p>\n<\/div><\/div><\/div>
A private equity fund that invests in the lower mid-market segment in the Western Balkans, with a focus on Croatia and Slovenia.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 61.72 million<\/p>\n<\/div><\/div><\/div>
Sandberg Investment Fund II SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A private equity fund that invests in SMEs, predominantly in Slovakia and the Czech Republic.<\/p>\n<\/div>
Status: active (until 12 January 2026)
Fund size: EUR 130 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>TCEE Fund IV S.C.A. SICAR<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A venture capital fund that invests in companies from the ICT sector in the early stages of growth.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 110.84 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>Evolving Europe Principal Investments I SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period: 25. 5. 2025<\/p>\n<\/div><\/div><\/div>
Euroventures V Technology and Growth Fund Cooperatief U.A.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period 27.3.2025<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>ENERN Tech III sub-fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>ENERN Tech III is a venture capital fund that invested in the growth and international expansion of innovative start-ups in the region.<\/p>\n<\/div>
Status: inactive
End of investment period 29.6.2020<\/p>\n<\/div><\/div><\/div>
A private equity fund that invests in SMEs, predominantly in Slovakia and the Czech Republic.<\/p>\n<\/div>
Status: active (until 12 January 2026)
Fund size: EUR 130 million<\/p>\n<\/div><\/div><\/div>
TCEE Fund IV S.C.A. SICAR<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>A venture capital fund that invests in companies from the ICT sector in the early stages of growth.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 110.84 million<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>Evolving Europe Principal Investments I SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period: 25. 5. 2025<\/p>\n<\/div><\/div><\/div>
Euroventures V Technology and Growth Fund Cooperatief U.A.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period 27.3.2025<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>ENERN Tech III sub-fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>ENERN Tech III is a venture capital fund that invested in the growth and international expansion of innovative start-ups in the region.<\/p>\n<\/div>
Status: inactive
End of investment period 29.6.2020<\/p>\n<\/div><\/div><\/div>
A venture capital fund that invests in companies from the ICT sector in the early stages of growth.<\/p>\n<\/div>
Status: active (until 16 June 2026)
Fund size: EUR 110.84 million<\/p>\n<\/div><\/div><\/div>
Evolving Europe Principal Investments I SCSp<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period: 25. 5. 2025<\/p>\n<\/div><\/div><\/div>
Euroventures V Technology and Growth Fund Cooperatief U.A.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period 27.3.2025<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>ENERN Tech III sub-fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>ENERN Tech III is a venture capital fund that invested in the growth and international expansion of innovative start-ups in the region.<\/p>\n<\/div>
Status: inactive
End of investment period 29.6.2020<\/p>\n<\/div><\/div><\/div>
Status: inactive
End of investment period: 25. 5. 2025<\/p>\n<\/div><\/div><\/div>
Euroventures V Technology and Growth Fund Cooperatief U.A.<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>Status: inactive
End of investment period 27.3.2025<\/p>\n<\/div><\/div><\/div>
<\/span><\/a><\/span>ENERN Tech III sub-fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>ENERN Tech III is a venture capital fund that invested in the growth and international expansion of innovative start-ups in the region.<\/p>\n<\/div>
Status: inactive
End of investment period 29.6.2020<\/p>\n<\/div><\/div><\/div>
Status: inactive
End of investment period 27.3.2025<\/p>\n<\/div><\/div><\/div>
ENERN Tech III sub-fund<\/h3><\/div><\/div><\/div><\/i><\/div><\/div><\/div>ENERN Tech III is a venture capital fund that invested in the growth and international expansion of innovative start-ups in the region.<\/p>\n<\/div>
Status: inactive
End of investment period 29.6.2020<\/p>\n<\/div><\/div><\/div>
ENERN Tech III is a venture capital fund that invested in the growth and international expansion of innovative start-ups in the region.<\/p>\n<\/div>
Status: inactive
End of investment period 29.6.2020<\/p>\n<\/div><\/div><\/div>
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