Cuatrecasas advises Seaya on launch of Seaya Nova, its new fund for European technology companies, with €600 million first close
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SubscribeCuatrecasas has advised Seaya, a European technology investment platform supporting companies at every stage of growth, on the launch of Seaya Nova. The new growth fund reached a first close of €600 million in six months.
The fund is backed by the European Investment Fund (EIF) through the European Tech Champions Initiative (ETCI), alongside other institutional investors, corporations, and family offices. This EIB Group program was established to narrow the funding gap for growth-stage European technology companies.
Seaya will invest between €20 million to €50 million per company, leading or co-leading Series B to D funding rounds in European technology companies. These companies will have proven business models, solid economic foundations, and global ambitions. Seaya’s strategy of supporting entrepreneurs from their earliest funding rounds is underpinned by 13 years of experience and an extensive network built over that period.
High-potential investment
With the launch of this fund, the investment manager will structure its activities around three complementary strategies. Seaya Ventures focuses on early-stage technology companies; Seaya Andromeda targets sustainability investments; and Seaya Nova supports growth-stage companies. Together, these strategies strengthen Seaya’s ability to support European technology companies from their earliest funding rounds to international expansion.
The legal team of lawyers advising on the launch was made up of Jorge Canta and Juan Manuel Navajas from Corporate, and Paz Irazusta from Tax.
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