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Watchdog raises a red flag: EU funds risk flooding the market for venture capital

The European Court of Auditors has investigated public EU funds allocated to venture capital funds. The European Union's watchdog fears that plans to increase allocations to the field may lead to the market becoming flooded. The Danish state's investment fund does not consider Denmark to be at risk.

Photo: Michael Probst/AP/Ritzau Scanpix

BRUSSELS

The EU Commission has reserved more than EUR 3.3bn between 2014 and 2022 to invest in European venture capital funds. While this amount is likely to increase in the coming years, the European Court of Auditors, which is the EU's independent auditor, has raised a critical voice against the very foundation for the distribution of funds.

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