# JEREMIE initiative

JEREMIE initiative is a Fund of Funds / Government-Backed Initiative based in Seville, Spain.

## Overview

- **Organization type:** Fund of Funds / Government-Backed Initiative
- **Headquarters:** Seville, Spain
- **Region:** Europe
- **Address:** Andalusia, Spain
- **Founded:** 2000
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

JEREMIE initiative is a private equity firm headquartered in Andalucia, Spain. It focuses on Venture Capital investments. The firm is based in Spain.

## Sectors

- Enterprise Software
- Industrial Tech
- ClimateTech
- Digital Health
- Mobility & Transportation
- Energy Transition & Renewables

## Questions

### How is JEREMIE different from a traditional venture capital fund?

JEREMIE is not a closed-end fund with private limited partners. It deploys European Regional Development Fund money and national co-financing through local financial intermediaries — banks, VC managers, guarantee societies — selected through public procurement. Returns recycle into the regional ecosystem rather than being distributed to investors.

### Who makes investment decisions for the Andalusian JEREMIE holding fund?

The Andalusian holding fund is governed by a regional management committee and implemented by the European Investment Fund under a mandate agreement with the Junta de Andalucía. Individual investment decisions at the portfolio-company level are delegated to the intermediary fund managers selected to manage the underlying venture or loan portfolios.

### Does JEREMIE invest directly in companies or only through fund managers?

JEREMIE holding funds can operate both as fund-of-funds vehicles backing regional VC managers and as direct co-investment vehicles alongside those managers. The Andalusian vehicle has primarily operated through intermediary managers, with direct instruments used selectively for larger growth-stage companies aligned with regional innovation priorities.

### What is the relationship between JEREMIE and the newer InvestEU programme?

InvestEU, operational from 2021, consolidates multiple EU financial instruments — including JEREMIE, COSME, and Horizon 2020's InnovFin — under a single framework. Existing JEREMIE holding funds continue to operate through their contractual investment periods, but new programming cycles are structured under InvestEU's SME window, maintaining the same regional holding fund architecture.

### What investment stages does JEREMIE target in Andalusia?

Seed through growth equity, with a historical emphasis on Series A and early-stage B rounds where the regional equity gap is most acute. The vehicle also supports microcredit and mezzanine instruments for companies too small to access traditional venture finance, covering the full spectrum from pre-revenue to €10 million-plus revenue stage businesses.

## Related profiles

- [Jeremiah Capital](https://altss.com/profile/jeremiah-capital)
- [Ji Liu Zero Capital](https://altss.com/profile/ji-liu-zero-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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