GorillaPark, the European technology incubator, has raised $21m (€23m) of new funding from NeSBIC Group, the venture capital unit of Fortis Bank, at an uncertain time for incubators.

Bob Sterling, director of communications at GorillaPark, said the firm has been in discussions with Fortis for some time, but there were some delays because of disagreements with one shareholder over the form and valuation of the financing.