Aldea Ventures holds €60m first closing

Alessia Argentieri
24 March 2021

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Spanish venture capital house Aldea Ventures has held a тЌ60m first closing for its debut VC fund-of-funds.

The vehicle was launched with a €100m target and €150m hard-cap in July 2020. It expects to hold a final close by the end of 2021.

Aldea will invest 70% of its capital in 15-20 small VC funds based across Europe. It will have a special focus on funds dedicated to a specific segment of the technology industry, such as "deep-tech" and artificial intelligence.

The targeted funds will be seed and series-A vehicles with a size between €20m and €80m. Aldea will provide tickets of €1-6m for each fund.

The remaining 30% of the capital will be deployed directly to finance the growth of local startups in co-investments with other VCs, by taking part in later-stage rounds of up to €10m, with non-leading investments of around €1m.

The startups will be selected from the portfolios of the partner VC funds, which will comprise around 700 companies, according to Aldea.

"Our dual model as a fund-of-funds and co-investor in scale-ups is the first of its kind in Europe and has only been seen before in Silicon Valley," said Carlos Trenchs, managing partner of Aldea. "We're putting this model to work with the aim of fuelling the next generation of growth across the European VC ecosystem."

Aldea has already made investments in six micro-VC funds: Air Street Capital and Moonfire in London; Helloworld in Luxembourg; Inventures in Munich; Mustard Seed Maze in Lisbon; and Nina Capital in Barcelona.

Aldea has also made direct investments in temporary staffing agency JobAndTalent and Copenhagen-based podcast platform Podimo.

Aldea is a recently established venture capital house, launched in partnership with Meridia Capital. The firm is led by partners Carlos Trenchs, former director of Caixa Capital Risk; Alfonso Bassols, former director at Nauta Capital; Gonzalo Rodés, from GBS Finance; and Meridia chair Javier Faus.