SEAYA LAUNCHES ANDROMEDA, A €300M VENTURE CAPITAL FUND TO ADDRESS THE GLOBAL SUSTAINABILITY CHALLENGES THROUGH TECHNOLOGY.
• Seaya Andromeda is the largest Venture Capital fund focused on sustainability in Southern Europe
• The €300m fund will invest in technology-driven companies focusing on GreenTech, Circular Economy, Agritech and Sustainable Food Value Chain
• The first closing of €130m is supported by Iberdrola, Nortia and Fond-ICO Next Tech
May 5th 2022 – Seaya Ventures, leading European Venture Capital manager behind unicorns such as Wallbox, Glovo and Cabify, has partnered with Iberdrola and Nortia to launch the sustainability-focused Venture Capital fund Seaya Andromeda. The fund, with a first closing of €130 million, has a target size of €300 million and will remain open to new investors for the next few months.
In the face of global sustainability challenges, Seaya Andromeda brings a unique value proposition thanks to a joint effort between Iberdrola’s leading vertical expertise, the public sector –through a substantial commitment from Fond-ICO Next Tech–, and the support of top sustainability-driven investors such as Nortia.
Seaya Andromeda will promote a sustainable and healthy society by reducing waste and pollution, through investments in top European tech-driven companies focusing on GreenTech, Circular Economy, Agritech and Sustainable Food Value Chain.
The fund will follow Seaya’s strategy of investing in outstanding and mission-driven founders, which has resulted in a superior track record of sustainable investments with a direct and measurable positive impact. Seaya Andromeda will also build on top of Seaya’s success stories in the target verticals such as Wallbox, the first Spanish tech company to be traded on the NYSE; Clarity AI, a global sustainability leader backed by international investors Blackrock and Softbank; as well as Ecoalf, Pachama, Biome Makers, CrowdFarming or RatedPower.
“Innovation and technology are essential for a sustainable economic development. With Seaya Andromeda we want to support those founders committed to this mission. We are honored and excited to have the support of Nortia, Iberdrola and Fond-ICO Next Tech in building the first Southern European fund dedicated to sustainable tech.” said Beatriz González, Founding Partner of Seaya Ventures.
Seaya Andromeda has achieved the highest possible level of commitment to sustainability being an Art. 9 Fund –as of the EU’s Sustainable Finance Disclosure Regulation– with impact methodology applied to the processes of sourcing, due diligence, decision-making and post-investment measurement.
The fund already has an active pipeline, with 3 investments in advanced stages of due diligence.
About Seaya Ventures
Seaya Ventures is a leading European and Latin American Venture Capital fund, with offices in Madrid and Mexico City, that invests in exceptional entrepreneurs who are building global technology companies.
Seaya raised its first funding in 2013 and currently manages over €500 million across four early-stage venture funds. Seaya accelerates the growth of startups by leveraging the founder’s strategic vision, providing them with Seaya’s global platform, its extensive network of founders, investors and multinational corporations, as well as all its experience in the global expansion of companies such as Glovo, Cabify, Wallbox (NYSE:WBX), Spotahome, Clarity AI, Clicars, Alma and RatedPower.
Nuevos informes y series de datos: El Capital riesgo Informal en España 2021 / Informe de Impacto Económico y Social del Capital Privado en las operaciones de Middle Market en España. 2018 (ASCRI) / Informe de Impacto Económico y Social de los préstamos otorgados por Enisa
Otros informes destacados: Madurez del Venture Capital en España. (English version)/ Financiación de startups de Energía en España / El tiempo de las desinversiones en Private Equity en España (English version)
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