With a €25 million investment, the Together fund, based in France, will support companies active in the production, distribution, and broadcasting of audiovisual content.
The European Investment Fund (EIF) will invest €25 million in Together, a French fund managed by Axio Capital that will support the growth and internationalization of SMEs and mid-cap small companies active in the production, distribution and broadcasting of audiovisual content in the EU-27 and EFTA countries.
With an initial capitalization of €58 million, Together is designed to transcend national funding barriers and provide essential financial support to European producers.
The fund is backed by MediaInvest, which is part of InvestEU and managed by the EIF, and brings together private and public investors.
Together’s goal is to help independent production companies expand and strengthen their market presence while maintaining their independence.
Currently, growth opportunities in the industry are primarily driven by integrated audiovisual groups, leaving few options for independent players. Together aims to change this situation by acting as a growth equity fund, supporting companies that have already demonstrated their ability to deliver high-quality content.
The fund will focus primarily on scripted content, ensuring that European producers can continue to create compelling stories on a global scale while retaining intellectual property rights.
A distinctive feature of Together is its role as a minority shareholder, recognizing the importance of enabling producers to maintain control over their businesses.
Together offers practical strategic support, drawing on the expertise of its dedicated team, led by Alexandra Lebret and Antoine Bodet, to provide market intelligence and financial guidance. The goal is to actively contribute to the long-term growth and sustainability of the companies in which Together invests.
“By supporting TGT, we are enabling European producers to continue to deliver high-quality content to a global audience, thereby strengthening Europe’s cultural and creative industries,” said EIB Group Vice President Ambroise Fayolle.
Marjut Falkstedt, EIF Director General, added: “Europe’s cultural and creative sectors play an important role in our identity, are the cultural backbone of our societies and constitute our creative prowess. At the same time, they also have a strong business and economic dimension.”
Falkstedt noted that the investiture is supported by InvestEU’s MediaInvest program. “Cultural players often have great difficulty in accessing funding, but the EU’s recourse to equity investments is changing this situation, contributing to the development of a stronger European content market.”
