Juncker Plan supports €55 million investment fund in Poland


The European Investment Fund (EIF) is investing in Cogito Fund I, a Polish fund set up by Cogito Capital. The fund has raised €55 million to finance late- and growth- stage software, fin-tech, and mobility companies. The EIF investment is supported by the Juncker Plan’s European Fund for Strategic Investments. Cogito Fund I will predominately invest in companies in Central Europe that have the potential to expand into other European markets and the USA. Other investors in Cogito Fund I include funds managed by the Polish Development Fund as well as private professional investors. Vice-President Valdis Dombrovskis, responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said: “The Juncker Plan’s European Fund for Strategic Investments is playing an important role in assisting start-ups across Europe gain access to finance to innovate, grow and expand. This agreement will see even more high-potential European technology companies gain the support they need to take their next steps.” A press release is available here. As of June 2019, the Juncker Plan has mobilised nearly €410 billion of additional investment, including €18.1 billion in Poland. The Plan is currently supporting 952,000 small and medium businesses across Europe.