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Bullnet Capital, a Spanish venture capital firm, has recently announced the first close of its fourth fund on €40 million. The new fund will be used to invest in early-stage startups in Spain and Portugal, focusing on companies in the technology, healthcare, and sustainable sectors.
Bullnet Capital has a strong track record of supporting early-stage startups in Spain and Portugal, having invested in more than 30 companies since its founding in 2008. The firm’s previous funds have been instrumental in the growth of companies such as Wallbox, a manufacturer of electric vehicle charging stations, and Housfy, a platform for buying and selling real estate.
According to Bullnet Capital’s Managing Partner, Carlos Trenchs, the firm’s new fund will allow it to continue supporting innovative entrepreneurs and startups in the region. “We are thrilled to announce the first close of our fourth fund, which will enable us to invest in the most promising early-stage companies in Spain and Portugal,” Trenchs said.
The firm’s new fund has already attracted commitments from a number of institutional investors, including the European Investment Fund (EIF) and the Institut Català de Finances (ICF). The EIF’s contribution to the fund is part of its efforts to support the growth of innovative startups in Europe.
Bullnet Capital’s focus on early-stage startups is particularly important in the current economic climate, where many promising companies may struggle to secure funding. By providing early-stage capital and support, Bullnet Capital is helping to ensure that these companies have the resources they need to grow and succeed.
In addition to its financial support, Bullnet Capital also offers its portfolio companies access to its extensive network of industry experts and advisors. This network includes successful entrepreneurs, investors, and executives who can provide valuable insights and guidance to early-stage startups.
Overall, the first close of Bullnet Capital’s fourth fund represents a significant milestone for the firm and the wider startup ecosystem in Spain and Portugal. With its track record of success and commitment to supporting early-stage startups, Bullnet Capital is well-positioned to continue driving innovation and growth in the region’s most promising companies.