Inveready, a Barcelona-based venture capital management company and CataloniaBio & HealthTech member, has set up its first fund with private capital (family offices and banks) targeting growing small and medium-sized enterprises.
GAEA Inversió hopes to raise €110 million to invest in 10 companies valued between €5 million and €75 million with investments between €2 million and €20 million.
The GAEA team is made up of Inveready partners Josep Maria Echarri and Carlos Conti (read their interview in El Economista), with Ramon Resa as Director of Investment (previously at PWC).
Echarri, who has been involved in benchmark operations like IPOs at Oryzon, Atrys and Agile Contents, notes that GAEA targets a market niche that is currently not covered by venture capital in Spain.
Inveready closed out 2019 with over €400 million managed for start-ups and will issue a dividend of €11 million.
More information (Spanish)
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