Red Capital launches €50m fund to back female-led startups

The newly founded VC firm has offices in Tel Aviv and Madrid, and will be EMEA's largest VC fund investing exclusively in high-growth technology companies founded or co-founded by women.

According to South Summit's Entrepreneurial Map, 22% per cent of Spanish startups were founded by women in 2018, representing a significant increase from 18% in 2017.

The vehicle will aim to build a portfolio of 10 companies investing between €5-10m per business.

Red Capital will occupy a seat on the board of every portfolio company and aim to work closely with the management teams on business model definition, product-market fit, go-to-market strategies and identification, and will reach out to potential customers and partners in Europe, the US, Latin America and Asia.

King & Wood Mallesons will act as a legal adviser to the new vehicle.

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