- The EIB loan will be used to further develop Xnext’s X-ray technology to improve health and safety for end customers
- Since 2017, the EIB has supported more than 250 companies with venture debt loans worth upwards of €6 billion
- The EIB loan to Xnext is backed by the European Commssion’s InvestEU programme under the Venture Debt Window
The main goals of the €20 million venture debt loan the European Investment Bank (EIB) has granted to Xnext are improving food safety and supporting innovation and environmental sustainability. Xnext, an Italian start-up, has patented a next generation X-ray inspection system aimed at reducing food contamination and waste of produce and resources. The Bank’s investment is supported by the European Commission’s InvestEU programme under the Venture Debt window, which provides venture capital to strengthen the competitiveness and growth of European small and medium-sized enterprises..