SEAYA VENTURES CLOSES OVERSUBSCRIBED THIRD FUND AT €165M TO BACK EUROPEAN TECH COMPANIES IN EARLY-STAGES.
|Seaya Ventures, European and Latin-American Venture Capital firm based in Spain, has closed its third fund, Seaya III, at €165 million, reaching its hard cap and significantly over its initial target size of €125 million. This is a relevant increase from the two previous funds, Seaya II, €103M from 2017 and Seaya I, €57M from 2013. In just two-and-a-half years, Seaya has more than doubled its assets under management up to €350M.|
Seaya III has already made 10 investments to date –Sensei, Filmin, Alma, Toq.io, Fracttal, Flexcar, receeve, CrowdFarming, RatedPower and Aquí Tu Reforma–. The fund is actively looking at sectors such as fintech, insurtech, edtech, healthtech and mobility and expects to close five additional deals in the following weeks.
Seaya III has a broad, international investor base, especially from Europe and the Americas, combining institutional investors and family offices providing strategic support. The majority of the commitments come from recurring investors in previous funds, showing their confidence in the GP.
“We are very proud to have surpassed our initial target and to have closed at €165M, our biggest fund to date and one of the largest in Southern Europe. We strongly appreciate the trust from all our investors, most of whom have backed us since our previous funds”, said Beatriz González, Founder and Managing Partner of Seaya Ventures.
Seaya will continue investing in outstanding and mission-driven founders of European tech companies, partnering with them and contributing to their international expansion. By leveraging its local knowledge with a global ecosystem, Seaya can help companies scale and become regional and global leaders. The fund will continue to focus on leading Series A and B rounds, being able to invest up to €20 million per company throughout several rounds. Seaya partners exclusively with companies that target long-term, sustainable growth, which hold themselves to the highest professional and ethical standards. Seaya is known for taking significant stakes in companies, thus becoming the reference investor for founders and providing them with sustained hands-on support.
“We will continue backing founders and tech companies that have a mission that goes beyond financials, as these companies have proven that, on top of making the world a better place, they are more resilient, attract better talent, and provide a better financial return for investors”, added Beatriz.
Since 2013, Seaya has invested in 37 disruptive tech companies that have become industry leaders in their categories, including the first three Spanish unicorns Cabify, Glovo and Wallbox (NYSE:WBX), the first Spanish technology company to go public on the NYSE. Seaya’s aggregate portfolio is currently worth more than €7 billion, having attracted more than €2 billion in funding. Earlier this year, Seaya also announced a partnership with Cathay Innovation, which brought together both firms’ expansive investment platforms.
Seaya has strengthened its investment and operations teams in recent months, with incorporations in various geographies. The team has 14 professionals distributed between Madrid and Mexico.
About Seaya Ventures
Seaya Ventures is a leading European & Latin-American Venture Capital firm based in Spain, investing in value-driven founders who are building global technology companies with a sustainable approach.
Since raising its first fund in 2013, Seaya manages €350M across three early-stage funds. Seaya Ventures accelerates startup growth by working with the founders to enhance their strategic vision, putting at their disposal its global platform, its strong network of founders, investors and corporates, as well as Seaya’s experience in scaling leading companies such as Glovo, Cabify, Wallbox (NYSE:WBX), Spotahome, Clarity AI, Clicars and Savana.
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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