We’re very happy to announce that our growth fund for Southern Europe and Latam, Leadwind, has secured a €70M capital commitment from the Spanish Official Credit Institute ICO, as part of the Fond-ICO Next Tech initiative.
ICO has been a key supporter of the Spanish VC asset class for many years and it’s fair to say that the local investment ecosystem would not be as developed as it is now without their support.
As we’ve mentioned in the past, Leadwind is the latest addition to our family of funds and represents a big step forward for the K family.
With a target size of €200-250M, Leadwind will look to make investments in deeptech companies not only in Spain, but also in Southern Europe and Latam, thus filling a gap that we believe has existed in the local markets for many years.
With Leadwind and our other early stage initiatives, we’re going to be able to support scaleups from inception and up to their growth stages not just from a financial point of view, but also in other key areas such as business development, product and technology, etc, thanks to the experience that the K team brings and also our corporate ties.
In the past few years, more than 1,000 scaleups have raised between €1M and €5M in Southern Europe and Latam, illustrating the market opportunity that exists, and we can’t wait to become part of this growing ecosystem.
We’re very happy to announce that our growth fund for Southern Europe and Latam, Leadwind, has secured a €70M capital commitment from the Spanish Official Credit Institute ICO, as part of the Fond-ICO Next Tech initiative.
ICO has been a key supporter of the Spanish VC asset class for many years and it’s fair to say that the local investment ecosystem would not be as developed as it is now without their support.
As we’ve mentioned in the past, Leadwind is the latest addition to our family of funds and represents a big step forward for the K family.
With a target size of €200-250M, Leadwind will look to make investments in deeptech companies not only in Spain, but also in Southern Europe and Latam, thus filling a gap that we believe has existed in the local markets for many years.
With Leadwind and our other early stage initiatives, we’re going to be able to support scaleups from inception and up to their growth stages not just from a financial point of view, but also in other key areas such as business development, product and technology, etc, thanks to the experience that the K team brings and also our corporate ties.
In the past few years, more than 1,000 scaleups have raised between €1M and €5M in Southern Europe and Latam, illustrating the market opportunity that exists, and we can’t wait to become part of this growing ecosystem.
