In the first half of November, new funds for the technology sector were announced and will come to the market in early 2017.
Uninvest announces launch of new technology transfer fund
Uninvest is a a private venture capital firm specialising in technology transfer that already had an €18.5m fund and has now announced that it will launch its second fund for 2017, but it is €40m.
The fund manager only invests in research and knowledge-based business projects, i.e. projects based on applied science carried out in Spanish universities and research centres.
"Although in countries like the US this type of investment is more established, in Spain it has only been carried out for 15 years and Uninvest stresses the need to invest in technology transfer companies. We are currently the 5th country in the European research ranking", says Diego Gutiérrez, Corporate Finance expert at Uninvest, "We are the 5th country in the European research ranking". Abra-Invest.
"With the new fund we intend to make between 15 and 20 investments", explained one of the managers of Uninvest, Martín Rivas, at a press conference. He stressed that this new project seeks to "accompany the company for seven or eight years" and to be present when they need help or financing to grow.
The optimal inflows, according to Uninvest in the new fund would be around €1M and they expect the final return of the management to be between 20% and 30%.Currently, Uninvest has five companies in its portfolio although in the process of divestment.
SeedRocket 4Founders Capital new fund to invest in tech startups
Four well-known entrepreneurs in the technology world: Javier Pérez-Tenessa (Edreams), Marek Fodor (Atrapalo), Jesús Monleón (Offerum) and Marc Badosa (Caixa, Riva y García, also a mentor at Seed Rocket) have joined forces to launch a new investment fund with an initial contribution of €50,000 per company.
En enero de 2017 saldrá a la luz este fondo, dirigido a ‘family offices e inversores profesionales’ que desconocen la estructura y funcionamiento de las empresas tecnológicas pero aprecian el valor y los frutos que pueden obtener de las startups.
The fund will invest in technology-based, high-growth and globally ambitious startups created in Spain.
Aunque el fondo inicial se situaba en unos 10 millones de euros, se amplió a €12M y están abiertos a nuevas inversiones. Otro hecho diferencial de este fondo es que ‘los inversores pueden invertir en una empresa en más de una ronda’. Es decir aquellas empresas que tengan resultados positivos podrán optar a más de una ronda de financiación.
Inveready raises €10M to finance innovative and technological SMEs
SMEs that access this financing will have loans with advantageous conditions over the next two years. Inveready, will focus on attracting technology-based SMEs in their first years of operation, which are too high a credit risk to have access to traditional bank financing.
For this fund, Inveready has been supported by the European Fund for Strategic Investments (EFSI), the heart of the investment plan for Europe.
"In addition, the EU wants to launch a venture capital fund of around €1.6 billion to financially support start-ups in the region at all stages of their life. Of this amount, 25% (€400M) will be provided directly by the EU institutions themselves. The remaining three quarters will come from private investors. We are currently looking for fund managers who are potentially interested in participating and/or managing this fund," says Diego Gutiérrez of Abra-Invest.
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