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© Reuters. Seaya Ventures closes its third venture capital fund at 165 million
Madrid, Dec 22 (.) .- Seaya Ventures has closed its third venture capital fund, called Seaya III, after raising 165 million euros, oversubscribed and with 40 million more than its initial goal of 125 million, as announced this Wednesday it’s a statement.
Seaya III is Seaya Ventures’ largest vehicle to date, as the first, launched in 2013, grossed 57 million, while the second, from 2017, reached 103 million.
The Spanish manager has also explained that the fund has been oversubscribed, which means that there have been investors who either have had to lower the amount made available to them or, ultimately, have had to resign from the fund.
This third fund has already invested in the companies Sensei, Filmin, Alma, Toq.io, Fracttal, Flexcar, Receeve, CrowdFarming, RatedPower and Aqui tu reforma.
In addition, it expects to close five new operations in the coming weeks, with the aim of partnering with companies seeking long-term and sustainable growth.
The fund will focus on leading series A and B, being able to invest up to 20 million per company in successive rounds, with its strategy of becoming a benchmark investor, according to the statement.
Seaya’s portfolio has a current value of more than 7,000 million, after attracting financing of more than 2,000 million. Since 2013, the company has invested in 37 disruptive technology companies, including Cabify and Glovo.
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