Caixa leads €4.3m round for Tecalum

The investment will allow Tecalum to open a new factory in Quebec, from which it will look to expand into the North American market.

Capital for the deal was drawn from Caixa Innvierte Industria, a €35m fund launched in 2012 to back industrial technology companies. The investment marks the eighth deal to be funded by the vehicle, following last year's investments in Nanogap, Scutum and Stinser.

The Spanish VC has been particularly active in the early months of this year. In January, it led a €1.6m round for pharmaceutical business Minoryx Therapeutics and a €2.5m funding round for freelancing platform Nubelo.

Company
Founded in 1989 and headquartered in Tortellà, Catalonia, Tecalum provides aluminium components to the industrial sector. Its clients include automotive groups Treves and Antolin, as well as Alstom and Talgo in the railway sector. The business generated a turnover of €13m in 2014 and aims to increase this figure to €18m by 2019.

People
Marc Sansalvadó is CEO of Tecalum.

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• Topics
• Expansion
• Southern Europe
• Industrials
• Spain
• Caixa Capital Risc