Spanish VC Seaya raises €600 million for new fund in just six months
Seaya, a Spanish investment platform, has launched a growth fund called Seaya Nova after a first close of €600 million. The fund will invest €20–50 million in each company.
Seaya, a Spanish investment platform, has announced the launch of Seaya Nova, a new growth fund. The fund reached a first close, the initial tranche of committed capital, of €600 million, and did so in only six months.
According to the announcement, the fund plans to invest between €20 million and €50 million in each company. That points to businesses that have moved past the earliest stage and need larger amounts of capital to grow.
The fund is backed by the European Investment Fund (EIF) under the European Tech Champions Initiative (ETCI). The source text is truncated where it goes on to mention further backers, so no additional details are given here.
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