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Updated on Oct 6, 2023
1. Leadwind takes pride in flexing its financial muscle to become the new benchmark for investment in Spain 💰.
This vehicle, backed by Telefónica and K Fund with the support of BBVA and Fond-ICO Next Tech, has secured capital commitments of 250 million dollars 💶, meeting its target in a challenging environment where money no longer flows so freely.
It is the largest venture capital fund in Spain 🏦 and announced its final closing after an initial closing in April 2022 for 150 million. Investors like Catalana Occidente and Estrella Galicia have joined. The support of AXIS-ICO through Fond-ICO Next Tech increased to 100 million, demonstrating European backing for innovation in Spain.
With this move, Leadwind can afford to compete with funds as relevant as Atomico and Goldman Sachs.
2. Wayra gathers 200 investors 💸 to introduce them to its startups.
To bring us further joy, and to ensure that not all is about interest rates rising in the financial sector, Wayra, Telefónica's open innovation hub, has organized an event where it has brought together over 200 international investors to present the new startups in which it participates. Its main objective is to strengthen the entrepreneurial ecosystem and facilitate access to funding for these young companies. During the event, solutions in areas such as artificial intelligence (AI), the Internet of Things (IoT), cybersecurity, and blockchain technology, among others, have been presented.
👉🏻 If you are thinking of starting your own startup, we can help you decide on the optimal business model 👌🏼 and design a value proposition with maximum market-fit 🙌🏼. Schedule a meeting with us here 📅 and one of our experts 📲 will call you to explain how we can help you.
3. Who said team? This startup with a single employee has been sold for 50 million euros 🤩.
Wargraphs, a startup with only one employee 🙋♂️, has managed to sell itself for the impressive sum of 50 million euros 💶 to the company "Automattic", the owner of WordPress.com. The news 🗞️ has caused a stir in the business and technology world, highlighting this small company's ability to generate such significant value with limited resources. This is another clear example of the wonders of the startup world and how it continues to break established molds.
4. Let Elon tremble, the Spaniards are coming 🚀.
We have news that will make you look to the sky. Pangea Aerospace, a gem of Spanish innovation, is working on revolutionary engines for the aerospace industry. And, hold on tight!, they plan to send their first product into space in 2025 🌠**.**
This is not just an advancement for Pangea, but a testimony to Spain's ingenuity and technological capability.
👉🏻 Access here to read the news. 👉🏻 Here if you want to get to know them.
5. Green is trending 🌱💡. Investments in renewables multiply by 6.
We have fresh news for you. The world of venture capital is focusing its eyes (and its money!) on clean energy startups. In just three years, investments in these startups have grown sixfold 🚀 In fact, they have gone from 1.9 billion to 12.3 billion dollars 🤩 This demonstrates that the future lies in green, the color of nature and money 💰 💚🌿**.**
👉🏻 Access here to read the news.
👉🏻 We already talked about renewables in a Jekyll Insight on Green Startups.
