The new fund was created with support from the European Investment Fund (EIF) and the European Bank for Reconstruction and Development (EBRD), GapMinder officials say.
The EIF supported GapMinder Fund II with EUR30 million through the European Union’s InvestEU program and the Recovery Fund – part of the National Recovery and Resilience Plan, co-financed by the EU through Next GenerationEU, and the EBRD invested EUR10 million in GapMinder Fund II, which is EBRD’s first investment in a fund launched by a team of Romanian partners, namely Dan Mihaescu, Sergiu Rosca, Cosmin Ochisor, Alexandru Ruff, they added.
(English version by Loredana Fratila-Cristescu)