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Portugal Tech, a “fund of funds” managed operationally by the European Investment Fund (EIF), has announced it secured €273 million ($309 million) in funding pledges at the Web Summit in Lisbon. Speaking at the launch of the Portugal Tech II program, Portuguese Finance Minister Pedro Siza Vieira claimed the  multiplier effect was “much higher” than had initially been expected. “In total, Portugal Tech II aims to mobilize 250 million euros …

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