G+D Ventures and EIB roll out €50 million to invest in TrustTech startups in Europe

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.

Happy to announce the closing of our TrustTech Fund I, with €50m readily available to invest in early stage european startups active in TrustTech: #cybersecurity #privacy #fraudprevention #encryption #digitalidentities and similar technologies to increase trust in a digital world.

Our new fund leverages the broad networks and expertise of the Giesecke+Devrient group, a global leader in trust-enabling technologies, and we are thankful to the European Investment Bank (EIB) for choosing to partner with us on this journey.

said Assaf Shamia, Investment Partner at G+D Ventures

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​