Kibo Ventures is about to launch a new €60 to €80M fund in order to make a difference at the Series A and B stage. The fund will be almost double the size of the first one (€80 million vs. €45 million), allowing the firm to lead or co-lead investments in the €2 to €5 million range.
To know more about the firm’s intentions, the differences between the new and old fund and LPs’ appetite for technology companies, Novebrief sat down with Aquilino Peña for a short interview.
Approaching the end of the year, Expansion, the economy newspaper just published an article about the records that 2015 has broken in Spain in terms of investment in startups. Interviewing several key players in the startup investment scene in Spain, the article describes the milestones in 2015. ‘Ecommerce’ and ‘FinTech’ are shown to be the most attractive sectors of business in Spain, whereas in 2016 Big Data is expected to be the area with biggest growth potential.
In addition, Javier Torremocha and Aquilino Peña (founders of Kibo Ventures) explain the gap startups find on the expansion or internationalization phase. For Kibo, this problem is tackled by the creation of a new investment vehicle with about 80 million euros, which intends to finance roughly twenty companies by leading rounds between two and five million euros.
Startupxplore , the online community for entrepreneurs and investors in Spain, recently published an infographic that can serve as a guide to for young founders to determine the main sources of funding depending on the phase in which their startup is in. Kibo Ventures appears as one of the main sources of investment in Series A growing phase in this graphic.
FOND-ICO Global, the Spanish fund of funds associated to ICO (Instituto de Crédito Oficial) and managed by the also public firm AXIS, has announced that it will be extending an additional €300 million to Spanish venture capital firms in its effort to promote the local investment industry by adding more fuel to the fire. Kibo is one of the selected firms.
Jobandtalent, has topped up its Series A funding round with another $23 million — bringing the total to $39 million, with Kibo Ventures also continuing to participate in the round. The Spanish headquartered startup added today that it’s continuing discussions on closing a “massive” Series B round with some new investors in the coming months. The Series A expansion now set to go towards growing market share in Colombia and Chile — and to putting a “first step” into the U.S.
The online publication Xataca organized a debate on investments in technology startups in Spain. The guests were: Luis Martín Cabiedes (Partner, Cabiedes & Partners), Aquilino Peña (Founder, Kibo Ventures), François Derbaix (Business Angel) and Javier Cebrian Monereo (COO, Bonsai Venture Capital), moderated by Julio Alonso (Weblogs SL) and Ruben Lapetra (Hemerotek).
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Boston and Valencia-based PeerTransfer has just announced that it has closed a $22 million Series D round led by Bain Capital Ventures, bringing the total raised by the fintech company to more than $42 million since it was founded in 2009. Bain Capital has vast experience in the financial services industry, having backed tens of startups in the space. The firm was also an investor in LinkedIn, LaLa (the streaming service acquired by Apple) or Tokbox, bought by Telefónica in 2012. Previous investors in the company (FJME, Kibo Ventures, Spark Capital, Devonshire Investors, QED and Accel Partners) also participated in the round.
Research firm Venture Watch has just published its 2014 report, analyzing the Spanish startup ecosystem and its bigger trends. Caixa Capital Risc and Kibo Ventures were the most active investors of 2014.