Spanish investment firm Acurio Ventures has announced a commitment of €150 million for its new investment vehicle, Acurio Ventures III. The fund will focus on early-stage European startups, primarily in the Seed and Series A stages, enhancing its strategy as a co-investor.
- Investment Focus: Targeting early-stage European startups, primarily in Seed and Series A rounds, with a diversified portfolio of 50 companies.
- Co-Investment Strategy: Acting mainly as a co-investor, acquiring 3%-10% equity stakes for flexibility in accessing companies and managing investments.
- Strong Track Record: The first fund has returned its initial capital with over 40% IRR, while the second fund is in the top quartile.
- Investor Confidence: Management team has committed over €25 million, showing strong alignment with investors amidst a challenging market.
- Growth Plans: With nearly €300 million in assets, Acurio Ventures aims to become a leading European VC manager, having invested in over 90 companies.
Acurio Ventures’ €150 million investment marks a significant step toward supporting innovative early-stage startups in Europe, reinforcing its position as a key player in the venture capital landscape.
