Seaya Ventures’ Launch of Seaya Andromeda Sustainable Tech Fund I

King & Wood Mallesons advised private equity firm Seaya Ventures on the launch of the fund.

Seaya Ventures, leading European Venture Capital manager behind unicorns such as Wallbox, Glovo and Cabify, has partnered with Iberdrola and Nortia to launch the sustainability-focused Venture Capital fund Seaya Andromeda. The fund, with a first closing of €130 million, has a target size of €300 million and will remain open to new investors for the next few months.

Seaya Andromeda will promote a sustainable and healthy society by reducing waste and pollution, through investments in top European tech-driven companies focusing on GreenTech, Circular Economy, Agritech and Sustainable Food Value Chain.

The fund will follow Seaya’s strategy of investing in outstanding and mission-driven founders, which has resulted in a superior track record of sustainable investments with a direct and measurable positive impact.

Seaya Ventures is one of Europe’s leaders in venture capital, with stakes in Cabify, Glovo and Wallbox. Seaya has a long history of investing in technology companies in the energy, circular economy and agritech sectors.

The team of KWM lawyers that has participated in this project has been led by partners Isabel Rodríguez (Picture, Funds) and Germán Cabrera (Corporate). Other lawyers who have collaborated in this work are the associates María Mata (Funds), Fátima García de la Torre (Corporate) and Laura Varela (Corporate).

Involved fees earner: Germán Cabrera – King & Wood Mallesons; Fátima García de la Torre – King & Wood Mallesons; María Mata – King & Wood Mallesons; Isabel Rodríguez – King & Wood Mallesons; Laura Varela Correa – King & Wood Mallesons;

Law Firms: King & Wood Mallesons;

Clients: Seaya Ventures;

Sonia Carcano

Author: Sonia Carcano