Company News

21. Jun 2022

Giesecke+Devrient and the European Investment Bank establish co-investment platform to invest in European TrustTech start-ups

Munich, 21 June 2022 – G+D Ventures, the venture capital arm of Giesecke+Devrient (G+D), is partnering with the European Investment Bank to invest in European startups working on solutions for greater security and trust in the digital world.

G+D Ventures and the European Investment Bank (EIB) have launched a co-investment platform with a total volume of EUR 50 million to finance European start-ups in the TrustTech environment. In this context, a venture capital fund was established, which G+D Ventures manages strategically and operationally as fund manager. The aim of the fund is to invest in the development of innovative solutions that help to strengthen trust in a digital (tech) society. These include cyber security solutions, privacy protection technologies, digital identity management, and secure authentication and payment systems.

As the venture capital arm of the G+D Group, G+D Ventures invests in startups that are relevant to G+D’s core business and have the potential to become industry leaders. The European Investment Bank is the bank of the European Union and the largest multilateral financing institution in the world. Together, the two pursue the goal of supporting emerging European startups in the TrustTech environment. This helps to close the funding gap for early-stage startups in the EU in this area and to advance young companies that are committed to developing innovative solutions to enhance security.

„In an increasingly digital world, credibility plays an essential role. As a company, G+D stands for exactly that: security technology that creates trust. With this fund, we want to provide targeted support for European startups whose developments make the digital world safer,“ explains Ralf Wintergerst, Chairman of the Management Board and Group CEO of Giesecke+Devrient. „The EIB’s equal commitment underlines the importance and scope of this task. To this end, we are contributing not only investment capital but also our many years of expertise and our excellent ecosystem.“

Ambroise Fayolle, EIB Vice President, says: „Cybersecurity and TrustTech are becoming increasingly important for the digital future of Germany and the rest of Europe. We look forward to working with G+D Ventures to develop this market in Europe.“

About Giesecke+Devrient

Giesecke+Devrient (G+D) is a global security technology group headquartered in Munich. As a trusted partner to customers with the highest demands, G+D secures the essential values of the world with its solutions. The company develops technology with passion and precision in four major playing fields: payment, connectivity, identities and digital infrastructures.

G+D was founded in 1852. In the fiscal year 2021, the company generated a turnover of 2.38 billion euros with around 11,800 employees. G+D is represented by 81 subsidiaries and joint ventures in 33 countries. Further information: www.gi-de.com

Contact

Giesecke+Devrient
Christoph Lang
Press OfficerCorporate Brand Communication
Tel: +49 89 4119-2164
E-Mail: christoph.lang@gi-de.com

PR-COM
Nadine Harbeck
Head of Unit
Tel: +49 89 59997-761
E-Mail: nadine.harbeck@pr-com.de

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