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Aldea Ventures creates hybrid fund of funds to support European tech startups and micro VCs

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Aldea Ventures Announces First Close as it Targets €100M Fund to Back the Best Micro VCs and Future Champions of European Tech

aldea ventures.Fantastic news from Aldea Ventures which has just announced a €60M first close of a target €100M first fund to invest in 700 technology-enabled startups across Europe. The firm takes a hybrid approach. Firstly, as a fund of funds Aldea invests in up to 20 early-stage micro VC funds across Europe and secondly, as a co-investment platform, the company will back the most promising startups from Series A upwards. 

The Pan-European fund’s vision is to invest in cutting-edge technologies and industries, and support growth across Europe, connecting VC talent and startup ecosystems across entrepreneurial hubs. The diverse portfolio will also provide the firm with deep knowledge and insights across the European tech landscape. 

Carlos Trenchs, Aldea VenturesAldea Ventures is led by Managing Partners Carlos Trenchs, formerly at Caixa Capital Risc, the largest seed fund in South Europe; Alfonso Bassols, previously at Nauta Capital, investing in early-stage across Europe and US East Coast; Josep Duran, who invested in VC funds across the EU and Israel from the European Investment Fund; and Gonzalo Rodés brings his 30 years of entrepreneurial experience to the team as Chairman. The company is partnering with Meridia Capital, a leading Spanish alternative investment fund manager.

Carlos Trenchs, Managing Partner of Aldea Ventures, said, “We believe Europe will continue to grow in influence and play an integral part in the next decade of technology. The future tech champions are being developed today. Europe is a global powerhouse in deep technology and we have a rapidly growing number of serial entrepreneurs. Our dual model as a fund of funds and co-investor into scaleups is the first of its kind in Europe. Seen only in Silicon Valley until today, we’re putting this model to work to fuel the next generation of growth across the European ecosystem.”

Aldea Ventures will be present in over 18 hubs around Europe via its fund of funds programme. The firm has already made investments into six micro VCs; Air Street Capital and Moonfire in London; Helloworld in Luxembourg; Inventures in Munich; Mustard Seed Maze in Lisbon; and Nina Capital in Barcelona. 

For co-investment opportunities, the company proactively identifies the best-performing companies from its micro VC network and personal networks and has already invested in London-based Job and Talent and most recently, Copenhagen-based Podimo’s Series A with this strategy. 

We look forward to seeing the impact this will undoubtedly have across the European tech ecosystem!


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Published on: 22nd March 2021

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