30M Fund for Startups through WBAF announced by EIF
The European Investment Fund (EIF) announced in Zagreb on the 3rd of October that it had contributed €15 million to a new impact investment fund called Feelsgood; the contribution was covered almost entirely by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe, also known as the Juncker Plan. Feelsgood is the first social impact venture fund to come to Croatia entirely managed by Croatian team. It was facilitated by the efforts of the World Business Angels Investment Forum (WBAF), an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI). The EIF commitment is expected to have an important signalling effect for further investments, with impacts in Central and Southern Europe. Feelsgood will send an investment delegation to Istanbul for the World Business Angels Investment Forum’s Global Fundraising Stage 2020, to take place on 18 February 2020.
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