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Croatia's 30 million euro ($33 million) venture capital fund Feelsgood Social Impact Investment Fund has started operations, according to the European Investment Fund (EIF), one of the key investors in the project.

Feelsgood targets early- to growth-stage Croatian and Slovenian startups with an environmental and social impact.

The social impact investment fund has launched in Zagreb on October 3, EIF, which is part of the European Investment Bank group.

The EIF contributed to the fund with 15 million euro, which almost entirely covered by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe, or Juncker Plan.

In an EIF statement, it says that Feelsgood is the first Croatian VC fund managed by a fully Croatian team, which is a sign of the maturing and development of the local financial market.

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