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Inveready launches new fund for tech startups


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BY : Diego GutiérrezSeptember Mon, 2016
Inveready has successfully launched its second investment vehicle focused on investing in technology-based companies using Venture Debt financing, Inveready Venture Finance II. The venture capital company, managed by the management company Inveready Asset Management SGEIC, is pending registration with the CNMV and expects to make its first investments in the coming months. 

venture capital spain

Inveready to launch new venture debt fund for tech startups

Venture debt is an innovative investment model that combines debt and equity. Inveready already had a vehicle with these characteristics, Inveready venture Finance I. This type of vehicle is widely used by technology startups in other countries such as the US, the UK and Israel, and has allowed companies such as Facebook to grow, but it is not yet widespread in Spain.

Inveready in 2012 was the pioneer of this investment model in our country and in 2016 it is once again committed to it. This model allows companies to obtain financing that entails significantly less dilution than if it were financed exclusively with capital. In addition, the political rights remain unchanged, which is a delicate aspect of the entry of new partners.

Carlos Conti, CEO of the SCR within Inveready's management company, comments that "... the SCR is the best way to achieve this.Technology-based companies need, once the first rounds of investment have been made and once they have proven their business model and reached a critical mass of relevant turnover, a financing alternative that does not only include capital".

Among the latest operations carried out by the Inveready venture finance I fund, we find the Financial injection in February 2016 of €600,000 for AB Biotics, a Catalan biotech company listed on the Alternative Equity Market (MAB).

Inveready Venture Finance II has a target of raising investment commitments of €20M to be invested in 20-30 companies. The average deal size will be between €300,000 and €2M.

Last operations carried out by Inveready : Tviso and Nanusens

Inveready Technology Investment Group (www.inveready.com) is the first Spanish Investment Group focused on early stage innovative companies with financial needs between €0.5M and €4M. Inveready has offices in Barcelona, Madrid and San Francisco, which is of great help for companies to address the internationalisation of their solutions.

This week we have also learned that Inveready has invested in Tviso, a tool that offers all audiovisual content with broadcasting rights in Spain. Cabiedes & Partners and Evolvia also participated in the €1.5M round.

End of August, Nanusens closed a €1.3M investment round, which was led by Caixa Capital Risc and Inveready.

Nanusens is dedicated to the development of microelectronics devices for mobility, automotive, wearable and connected device applications and the round will be used to finalise testing of a new high-performance sensor and to prepare the company for production.

 

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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.

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