Inveready, Clave Mayor inject €900,000 into Kronomav

Inveready committed debt and equity from the Venture Finance vehicle, which launched in 2012 with €15m. Clave Mayor invested via Comval Emprende, launched in 2006 by the Finance Institute of Valencia. The vehicle has completed its investment period and holds five remaining companies in its portfolio.

The fresh funding will boost the firm's plans for international expansion.

Previous funding
In 2008, Clave Mayor bought a minority stake in the firm in a deal valued at €1m. The transaction took three months to complete and began when the company approached the VC to develop its business plan. Clave Mayor invested from Comval Emprende.

Company
Founded in 2006 and based in Valencia, Kronomav Sistemas is an audiovisual engineering company that manufactures and retails robotic systems. The firm specialises in robotic guidance systems for television and film cameras.

Around 85% of the firm's revenues originate abroad.

People
Pedro de Álava is an investment director at Clave Mayor. Carlos Conti is a partner at Inveready.

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• Topics
• Southern Europe
• Expansion
• Technology
• Spain
• Clave Mayor
• Inveready First Capital