Venture capital investments Sodena:Innoup Pharma, Davalor Salud, Iden Biotechnology

Integral service around a transaction
BY : Diego GutiérrezJune Thu, 2016
Sodena is the financial instrument of the Government of Navarre to promote business projects in Navarre that contribute to the development of the region. Among the sectors on which it focuses are the ICT sector, biotechnology, energy and the agri-food sector.


Some investments made in 2015

Innoup Pharma- Biotechnology

Sodena and the venture capital company Inveready invested in October 2015 €2M in Innoup Pharmaa company dedicated to the application of nanoparticle technology in oral cancer drugs to decrease toxicity.

With this round, the company was able to complete the regulatory preclinical development of one of the leading intravenous anticancer drugs targeted at metastatic breast cancer.

InnoUp expects in less than two years to attract interest from other investors for further development and the securing of a relevant licensing agreement.

Davalor Health- Tics e-health

Davalor is a vision assessment system, called EVA, which operates autonomously and is connected to the company's databases. Using dynamic images and video games in "true 3D", it stimulates the eyes and brain and measures responses according to 75 clinical parameters.

The company had previously raised €12M through crowdfunding on the Bestaker platform.

The investment of Sodena arrived at a time when the company had not yet started selling its product. With no income and with payment obligations to employees and suppliers.

Currently, it appears that a Chinese industrial group wants to invest €17M in the company, to acquire the 25% and provide immediate liquidity.

Iden Biotech- Agroalimentario

Sodena contributed €1M, in a €4M round in the company Iden Biotech, led by CRB Inverbio.

Iden Biotechnologyfounded in 2005, has two main lines of work: the identification and development of plant genes of agronomic value to improve the production of crops of agronomic interest and the development of products of biological origin which, when applied to crops, give them greater resistance and productivity, allowing a significant reduction in the use of agrochemicals.

Successful divestments in 2015: Apex

Apex is a company based in Ribaforada, which produces snacks, including the famous Aspitos.

The current Apex has little or nothing to do with the one in which Sodena invested €1.6m in 2008. At that time, the company was owned by the Borges group. While Apex's management was committed to growth through the acquisition of companies, the Borges group was not willing to invest.

Thus, in 2008, Sodena became a shareholder. It invested €1.6M and took 28.56%. Together with Sodena, it also became a shareholder. Major Key through the funds Punto Futuro (28.56%) and Real de Vellón (7%). Between Sodena and Clave Mayor they had control of the shareholding.

Apex's turnover grew from €10.7m in 2008 to €50m in 2015 and its workforce grew from 95 people to 230. In February 2011, they acquired the Valencian firm Papas Vidal and five months later, in July, they acquired another in León.
If you are looking for financing, contact us. Abra-Invest has a team of experts in alternative financing at your disposal. Call + 34 946424142 or fill in the contact form.


Other posts that may interest you

Wallapop, Letgo and HallStreet: M&A Spanish companies to gain strength in international market

Diversion of venture capital in Spanish companies: Tyba and Otogami


The M&A Professionals

Meet our services



Do you want to be up to date?


Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?