The fund of G+D Ventures and the EIB will invest in innovative solutions that strengthen trust in a digital society. These include technologies for cybersecurity, privacy protection, digital identity management, and secure authentication and payment systems. A portfolio of 12 to 15 companies is targeted.
G+D Ventures was launched in 2018. The portfolio companies of the Investment arms of Giesecke+Devrient The Munich-based companies IDnow and Build38.
Funds from G+D and EIB: “We want to specifically support European startups that make the digital world safer.”
The focus is on issues such as threats to mobile devices, phishing, weak authentication methods, and the misuse of personal data and identities. Cybersecurity surrounding the rollout of 5G will also be strengthened.
Ambroise Fayolle, Vice President of the EIB responsible for financing operations in Germany, says:
"Cybersecurity and trusttech are becoming increasingly important for the digital future of Germany and Europe. We are pleased to be promoting this market in Europe together with G+D Ventures."
Ralf Wintergerst, Chairman of the Management Board of G+D, says:
"With our joint fund, we want to specifically support European startups that are making the digital world more secure. The EIB's equal involvement underscores the importance of this cause. G+D offers not only investment capital, but also many years of expertise and outstanding security technologies."
