

Joy Laoun
News Editor, Vestbee

The fund’s LPs include the European Investment Fund (EIF) and CDP Venture Capital Sgr.

The fresh 55 North fund received backing from Novo Holdings, EIFO, Vsquared Ventures, Cambium Capital, and strategic support from key industry partners.

The new fund saw support from banks, development finance institutions, pension funds, insurance companies, and family offices.

The €11 million grant is funded under Romania’s Intelligent Growth, Digitalization, and Financial Instruments Programme 2021–2027 (PoCIDIF).

The funding round saw backing from Purple Ventures, with additional support from several business angels.

EntryPoint Europe helps immigrant founders from EECA launch and scale in the EU through stipends, mentorship, and residency in Luxembourg.