Belgium's Altum Capital raises €32M for SME fund, backed by PMV
What's the deal? Ghent-based Altum CapitalDealroom has a profile for this one. Try Dealroom → has raised €32 million for a new venture capital fund targeting small and medium-sized enterprises (SMEs). Belgian public investment company PMVDealroom has a profile for this one. Try Dealroom → is among the backers.
Why now? The firm is aiming for a total of €35 million, meaning the current haul falls just short of its target.
What's the endgame? The fund will invest in SMEs, with PMV lending public-sector weight to the Ghent vehicle.
The signal: PMV's backing signals continued public support for financing smaller companies in Belgium, a segment often underserved by private capital.
Read more: tijd.be
Image credit: bvi4092