# European regional development fund (ERDF)

> European regional development fund (ERDF) is a VC fund backing Software. See 74 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Brussels, Belgium
- Total investments: 74
- Last investment: Feb 2024
- Lead investor: 35%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/european-commission
- Website: http://ec.europa.eu/regional_policy/en/funding/erdf/

European regional development fund (ERDF) is a VC fund in Brussels focused on Software and Information Technology. The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

## Round sizes

| Stage | Round size |
| --- | --- |
| Grant | $57k–$2.2M |
| Pre-Seed | $44k–$1.2M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 14 | 19% |
| Information Technology | 11 | 15% |
| Artificial Intelligence | 10 | 14% |
| Biotechnology | 9 | 12% |
| Manufacturing | 9 | 12% |

126 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 33 | 45% |
| Funding Round | 10 | 14% |
| Pre-Seed | 9 | 12% |
| Seed | 8 | 11% |
| Venture - Series Unknown | 3 | 4% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 28 | 38% |
| Germany | 7 | 9% |
| France | 4 | 5% |
| Denmark | 3 | 4% |
| Estonia | 3 | 4% |

17 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| PulmoBiomed | PulmoBiomed provide clinicians and researchers a non-invasive means of sampling fluids. | $883.5K | Seed | Feb 08, 2024 |  |
| Losanje | Losanje has a brand and an upcycling workshop that gives second-hand and unsold completed apparel and textiles a second life. Its goal is to create an innovative manufacturing chain that will allow for the first time the industrialization of upcycling, as well as to implement the most credible solution, both ecologically and economically. | $2.5M | Seed | Oct 06, 2023 |  |
| noc™ | Knock is the simplest video chat app in the world, connecting people faster with less stressful stimuli. It boosts innovation, improves remote work, saves energy and reduces depression. Created by London UX designers, Cranfield MBA grads and PhD neuroscientists from Bristol and UCL to fill a gap in the remote comms market for instant, casual commswith distant colleagues. It's an anti-surveillance, peer-to-peer, distraction-free, natural, intuitive chat experience, bypassing data centres for a faster, clearer and energy-efficient human connection. | $176.6K | Pre-Seed | Jun 01, 2023 |  |
| Crespect | Crespect is a legal management platform that assists law firms in managing their daily operations. | $247.8K | Grant | Apr 11, 2023 |  |
| ProTec Group | ProTec Group operates as a specialist prototype to production part supplier. ProTec Group provide a completely integrated design-to-production service from 1off CNC machined, fabricated or 3D printed to Low volume prototype & production manufacturing techniques. | $80.6K | Grant | Apr 05, 2023 |  |
| Hilo EV | Hilo EV uses AI to scan its surroundings for hazards such as pedestrians and vehicles, and actively applies a number of functions to warn of the danger. |  | Grant | Mar 13, 2023 |  |
| IONA | IONA developed a patented cargo drone and proprietary autonomous operating system that is offered in an end-to-end “white-label” solution for logistics operators to adopt drone delivery. |  | Grant | Jan 01, 2023 |  |
| Meccellis Biotech | Meccellis Biotech is a manufacturer of tissue and cell and biomaterials. | $1.5M | Grant | Nov 29, 2022 |  |
| Bitloops | Bitloops is an AI-powered application development platform that enables organizations to develop, maintain, and operate complex web applications with ease. It helps you easily modify system designs, deploy applications to production, and manage changes, new features, and products. The platform enables teams to innovate quickly and grow the productor business without compromising the product's usability, extendability, or maintainability. Bitloops makes it simpler than ever to create high-quality software utilizing best practices and techniques like DDD, BDD, TDD, hexagonal architecture, clean architecture, ports and adapters, CQRS, and event sourcing suitable for extending legacy systems as well as new initiatives. | $57.2K | Grant | Nov 29, 2022 |  |
| Mifundo | Mifundo is a data-technology to unify and passport the credit data in Europe. For Banks: Cross-border credit data from different countries over one single API, standardised credit risk assessment, pan-EU credit score. For Consumers: Verified & Passportable Financial Identity to be trusted across country borders. | $1.2M | Pre-Seed | Nov 17, 2022 |  |

10 of 74 investments shown.

## Co-investors
- [National Center for Research & Development](https://shizune.co/investors/profile/national-center-for-research-development) — VC Fund, 3 deals together
- [Northstar Ventures](https://shizune.co/investors/profile/northstar-ventures) — VC Fund, 3 deals together
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund, 2 deals together
- [European Commission](https://shizune.co/investors/profile/european-commission) — VC Fund, 2 deals together
- [Innovate UK](https://shizune.co/investors/profile/innovate-u-k-) — VC Fund, 2 deals together
- [Investitionsbank Berlin](https://shizune.co/investors/profile/investitionsbank-berlin) — VC Fund, 2 deals together

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## FAQ

### What does European regional development fund (ERDF) invest in?

European regional development fund (ERDF) invests primarily in Software, Information Technology and Artificial Intelligence startups, most often at Grant and Funding Round stage. Most of the 74 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is European regional development fund (ERDF)'s check size?

European regional development fund (ERDF) typically joins rounds of $57k–$2.2M at Grant and $44k–$1.2M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds European regional development fund (ERDF) participates in.

### When did European regional development fund (ERDF) last invest?

The most recent investment recorded for European regional development fund (ERDF) closed in Feb 2024. Shizune tracks 74 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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