Seaya Ventures, a Madrid, Spain-based venture capital firm, closed its third fund, Seaya III, at €165m.
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.
Led by Beatriz González, Founder and Managing Partner, Seaya Ventures 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, the company 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 €20m per company throughout several rounds. It 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 already made 10 investments to date -Sensei, Filmin, Alma, Toq.io, Fracttal, Flexcar, receeve, CrowdFarming, RatedPower and Aquí Tu Reforma.
The $165m vehicle is a relevant increase from the two previous funds, Seaya II, €103M from 2017 and Seaya I, €57M from 2013.
Since 2013, Seaya has invested in 37 tech companies including Spanish unicorns Cabify, Glovo and Wallbox (NYSE:WBX). Its aggregate portfolio is currently worth more than €7 billion. Earlier this year, the firm also announced a partnership with Cathay Innovation. The firm has more than doubled its assets under management up to €350M.
Seaya has also strengthened its investment and operations teams in recent months, with incorporations in various geographies. The team has 14 professionals distributed between Madrid and Mexico.
FinSMEs
22/12/2021