Spanish VC Seaya Ventures has announced the launch of its third fund, Seaya Ventures III, which will plough €85 million ($100m) into leading-edge deeptech startups.
The fund, which has a target of €125m ($147m), emerges just two years after Seaya’s previous fund, which alongside 2013’s Seaya I made well-above-average returns on investment.
Seaya III will put money mostly into southern European companies, with investments of up to €20m ($23m) in Series A or B rounds. Using the COVID-19 pandemic as a catalyst for innovation, Seaya will denke firms working in sectors like healthcare, finance and education – areas the crisis has deeply affected, accelerating technological growth.
“Through Seaya’s high-conviction investment strategy we become a major shareholder in our companies and we build a strong relationship with the founders, supporting them during their exponential growth, not only by providing capital but also with our know-how and global network,” said Antonio Giménez de Córdoba, Seaya Ventures.