Monday September 3rd, 2012
Most of the investments will be made in Spanish internet, software and telecommunications startups, converting ACTIVE into one of the largest technology investors in Spain.
ACTIVE Venture Partners has closed its second fund at €54 million, exceeding its initial target of €45 million, and has become one of the largest technology investors in Spain.
The fund will invest approximately €44 million in Spanish start-ups and the rest will be invested in other European countries, mainly Germany and Scandinavia. More than 50% of the funds come from private and institutional investors, while the rest is contributed by public entities. International investors contribute more than 25% of the funds and demonstrate the interest of international investors in Spanish technological companies.
The fund has several benchmark investors including: Telefónica Digital España S.L.U., Innvierte Economía Sostenible S.A. S.C.R – a programme sponsored by The Centre for Industrial Technological Development (CDTI) -, Neotec Capital Riesgo managed by the European Investment Fund (EIF) -linked to the European Investment Bank -, the FOND-ICOpyme in which ICO (Instituto de Crédito Oficial) participates and Axis manages -, Institut Català de Finances (ICF) and 4 international family offices based in Germany and Spain.
The original name of the second fund, Active Venture II FCR, will be changed to Amerigo Innvierte Spain Ventures FCR as a result of the addition of the new investors in the final closing, although it will maintain its original focus. The fund invests in internet, software and telecommunications companies at the start-up and expansion stages which have products and services that already exist in the market and which turn over a minimum of €50,000 per month.
Over the next three years the new fund will invest from €500,000 to €5,000,000 in a total of 15 companies, always via minority stakes. At present, the fund has five portfolio companies: Oooferton, Restalo, Whisbi Technologies, Zyncro and Barnebys. It plans to complete three additional investments by the end of 2012.
ACTIVE invests in entrepreneurs and technology companies with an international vision as the engine of the economy of the future. In addition to its investments, ACTIVE fosters the entrepreneurial ecosystem and challenges the economic crisis through its international network of serial entrepreneurs: the Venturepreneurs’ Organisation.
ACTIVE was founded in 2002 by Christopher Pommerening, Philipp Schroeder and Ricard Söderberg. In 2006 Blair MacLaren joined the team and in 2009 the partners set up ACTIVE Venture Partners SGECR chaired by Alfredo Bassal. Recently, the ACTIVE Team has grown with the appointment of Francisco Sierra (Investment Analyst). Today ACTIVE manages two funds with a total of €74 million under management.« Go Back