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The manager Grow Venture Partners closes its first fund of 5 million euros with oversubscription

MADRID, 25 Jul.

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The manager Grow Venture Partners closes its first fund of 5 million euros with oversubscription

MADRID, 25 Jul. (EUROPA PRESS) -

Grow Venture Partners has closed its first fund of 5 million euros with oversubscription in 20 days, as reported on Monday by the venture capital manager, which has made its first two investments with the funds raised: Process Talks and Inrobics.

Throughout 2022, the manager specializing in 'deep tech' projects will make up to 10 investments focused on projects dedicated to technology transfer so that researchers can launch entrepreneurial projects.

The projects promoted during this year and in 2023 will mobilize between 25 and 50 million euros and the manager estimates that they will generate more than 200 jobs.

"The Spanish economy has a gap between the research carried out in universities and knowledge centers and the productive market. Therefore, the objective of Grow VP is to fill this gap thanks to investment in projects with a high content of technology transfer, all based on knowledge", pointed out the founding partner of the fund, Francisco Badía.