The European Investment Fund has launched its first fund aimed at business angels as start-up investment in the region continues to struggle.

The EIF is a division of the European Investment Bank which seeks to finance small to medium-sized companies in Europe. Its new European Angels Fund will have capital of up to €80m committed jointly with Business Angels Netzwerk Deutschland, according to a statement.

The European Investment Fund hopes a partnership with the German government will breathe life into Europe's start-ups market

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EIF launches business angels fund

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