SPAIN - New technology leads demand for seed capital

The stats were published in a recent study conducted by BCN Business Angels. Businesses active in areas such as Internet lead the demand for capital, followed by the services sector (15.8%), hospitality (15.2%), industrial (14.1%) and renewable energy (8.8%).

Barcelona-based BCN Business Angels intends to launch a EUR 100m fund in 2008 to finance larger investments than the average angel funding. The investors will support businesses via direct funding, as well as through the creation of a web-based platform, intended to work as a dealflow generator for smaller rounds by private investors.

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• Topics
• Early-stage
• Southern Europe
• Industrials