25/01/2011 Barcelona, Madrid
Since its creation in 2003, IESE's Private Investors and Family Offices Network has organized 51 forums, in which 370 projects have been presented. Of these, 40 have attracted a total of €10.8M, with amounts ranging from €100,000 to €4M, through various rounds of financing.
Among the 40 businesses financed were online retail companies such as Buy Vip, which was purchased by Amazon last year for between €70 and 80M, after receiving €2.8M in initial financing; Privalia, which attracted €1.75 million in two rounds; and Bankimia banking products, which received €360,000 in its fourth round of funding.
Juan Roure, IESE professor and director of the network, says the aim is "to attract projects with the greatest potential in Spain, as well as private investors and the most professional family offices." Family businesses view investments as an avenue for diversification and a way to maintain the entrepreneurial focus of the family, while supporting future generations of business leaders.
The Private Investors and Family Offices Network is open to IESE alumni, as well as investors and entrepreneurs who do not have prior links with the school. In recent years, the network has organized meetings every six to eight weeks, each featuring eight project presentations. The 51th forum was held yesterday, with simultaneous sessions in Barcelona and Madrid.