Targeted initially at €250 million euros, the European Circular Bioeconomy Fund (ECBF) has achieved an oversubscription of about €300 million to finance growth companies in the bioeconomy and biobased circular economy that commits with Environmental, Social, and Governance (ESG) integration.
A diversified base of 25 investors from 8 different countries are confident in the opportunities offered by scaling up bio-based companies.
According to the experts of the impact fund European Circular Bioeconomy Fund (ECBF), after digitalization, the next global wave of transformation is rolling in – the Bio Revolution. This means a change from a linear, fossil-based economy to a sustainable, bio-based economy within which the European bioeconomy will play a decisive role. While visionary founders often lack the necessary growth capital to scale their solutions internationally, the ECBF closes this financing gap in cooperation with private and public investors.
Further details are available in the press release you can read at this link.