Swanlaab Venture Factory: €40 million funding chest to give power to the people
Spain · Feb 04, 2019· By Amalia González
The female co-founder of Swanlaab Venture Factory believes that diversity enriches decision-making and drives performance. CompassList recently caught up with Verónica Trapa Díaz-Obregón to find out what's in store for Spain's first Israeli-backed VC fund
Gearing up to tap into Spain's vibrant tech ecosystem, Swanlaab Venture Factory is already planning for a second Spanish-Israeli VC fund now that its first investment fund has reached €40 million since 2017.
Swanlaab plans to have 15 companies in its first portfolio. Each startup to be selected during an investment round of €2–3 million will get funding of €500,000 to €1.5 million. The VC already has stakes in five, including traveltech Trappit, fintech Coowry and Unnax that provides a Banking-as-a-Service payment solution. The fourth investment is a cloud-based CMS Sales Layer that synchronizes product information on e-commerce sites and social media. The fifth startup being funded is Continuum Security, a software and cybersecurity company.
Edited by Suzanne Soh and Gareth Gardiner Jones
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