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EAF makes first investment

Following its official launch on 12 March 12, 2012, the European Angels Fund (EAF) has now commenced operation in Germany, with Business Angel Friedrich Georg Hoepfner, making the first investment into Fotografen-Service GmbH (www.fotograf.de), a provider of a software-as-a-service tool to support professional photographers throughout their entire business cycle from client acquisition and sales to business monitoring.

Matthias Ummenhofer, Head of Venture Capital at the European Investment Fund, says: “It is exciting to see the European Angels Fund become operational so quickly after its launch. In view of the healthy pipeline, we look forward to teaming up with other Business Angels and believe that the EAF is an important tool to help bridge the financing gap in the seed and early-stage segment in Germany and in strengthening Business Angels and non-institutional investors as an asset class more generally.”

After a successful ramp-up of the pilot in Germany, the activity of the EAF will be extended to other European countries to support cross-border collaboration between Business Angels.
 

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