Altamar near to €450m final close for Galdana Ventures II

The fund was launched in March 2018 with a €350m target and is already larger than its predecessor, Galdana Ventures I, which closed on €275m in 2016.

The vehicle has obtained commitments from Spanish, European and Latin American LPs, including institutional investors, private banks, family offices, and technology companies and entrepreneurs. 

Galdana Ventures II intends to invest in Spanish and international venture capital funds dedicated to technology startups with high-growth potential.

The fund will deploy 50% of its capital in US-based vehicles, 30% in Asian funds and 20% in European and Israeli vehicles.

Goldana is a joint venture owned by Altamar and the management team composed of Marcel Rafart, Javier Rubió, Didac Lee and Roque Velasco.

Following this fundraising, Altamar's assets under management in the VC space have reached €900m.

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