Formation of Angelwise Fund

Cresco advised the general partner of Angelwise in the structuring, formation and fundraising of its newest early stage investment fund to date with a committed capital of €20 million.

The fund was created by Business Angels Netwerk Vlaanderen (BAN Vlaanderen), Angelwise Beheer and cornerstone investors Participatiemaatschappij Vlaanderen (PMV) and the Centrum voor Ondersteuning van digitale Innovatie (COI).

The fund will permit business angels to co-invest with institutional investors in more and larger investment projects.

David Dessers, Glenn L'hoëst and Emma De Brabandere constituted the deal team for this transaction and will support Angelwise in its investment and divestment activities.

More information can be found in De Tijd.

For any further information or questions, please contact David Dessers.