Inveready launches €5m IT fund
Venture capital specialist Grupo Inveready has launched Inveready First Capital I, a €5m fund to be invested in Spain-based IT firms, mainly in Madrid and Catalonia.
The fund, which has an investment period of three years, has already raised 60% of its target.
Ignacio Fonts, former global vice-president of Hewlett Packard, will be the vehicle's main manager.
The unquote" team is currently researching this fund. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com
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