The European Investment Fund (EIF) has invested €25 million ($26.2 million) in IPR.VC Fund III, a Finland-based initiative focused on bolstering European film and TV productions. This investment brings the fund’s total to over €100 million ($105 million) and aims to attract additional financial backers to reach its target size of €120 million ($125.8 million) by March 31, 2025.
IPR.VC, headquartered in Helsinki with an office in London, has been a significant player in the media investment landscape since 2015. The firm has raised €200 million ($209.8 million) from Nordic professional investors across three funds and has financed more than 50 international productions. Notable projects include the upcoming “Mother Mary,” “The Legend of Ochi,” “Civil War,” and “Blackberry,” which have gained recognition at international film festivals.
EIB Vice-President Thomas Östros emphasized the EIF’s commitment to fostering innovation and creativity in the European audiovisual sector. “By supporting this fund, we are enabling European producers to retain intellectual property rights and bring high-quality content to global audiences, strengthening Europe’s cultural and creative industries,” he said.
Tanu-Matti Tuominen, Co-Founder and Head of Investor Relations at IPR.VC, highlighted the strategic value of the investment. “This commitment underlines the growing value of premium European film and TV content globally. It also shows the financial benefits of diversifying investment portfolios,” Tuominen noted.
The EIF’s investment is part of the European Commission’s InvestEU MediaInvest initiative, which aims to mobilize €400 million ($419.5 million) in private investments for Europe’s audiovisual sector between 2022 and 2027. This support aligns with the EIF’s mission to enhance the competitiveness and strategic autonomy of the EU’s cultural and creative sectors.
Related topics：
