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Finaves VI launched with goal to invest €10 million in IESE entrepreneurs

New venture capital fund will finance 25 to 30 companies over the next three years

The Finaves management team (Prof. Albert Fernández, Paula Sancho and Silvia Gomáriz) together with the founder of Finaves, Professor Pedro Nueno, and the lecturer Mathieu Carenzo. photo: edu ferrer

April 4, 2022

Finaves VI venture capital fund, which supports and finances IESE entrepreneurial projects, has been launched with the goal of raising €10 million to finance 25 to 30 companies over the next three years.

The Finaves investments will be made during the seed capital phase, with amounts ranging from €50,000 to €500,000 per investment.

The investors in Finaves VI are family offices, private investors and successful entrepreneurs. It also counts on the support of the Instituto de Crédito Oficial (ICO), which selected it along with five other funds in the incubation and technology transfer category.

According to the director of Finaves VI, IESE Prof. Albert Fernández, the creation of Finaves VI “shows investors´ confidence in the entrepreneurial talent of IESE alumni and in the excellent track record of the Finaves funds over the past 20 years.”

Ninety percent of the investment will be made in Spanish companies that can have a significant impact on their industry, but without focusing on specific sectors. Finaves VI will have a committee composed of IESE professors to analyze these investments.

Entrepreneurial success story and 2030 goals

Finaves has played an important role in IESE’s entrepreneurial ecosystem since its creation by Prof. Pedro Nueno in 2000. During its more than 20 years, it has made more than 60 direct investments worth €15 million and has co-invested more than €100 million with other funds. The companies created by Finaves have created more than 3,000 direct jobs and turnover more than €300 million in annual sales.

Other companies financed with Finaves’ seed capital include Cooltra, Logisfashion, Busup, Worldsensing, ForceManager, Inbrain Neuroelectrics and Parclick.

With the creation of Finaves VI, IESE’s entrepreneurial ecosystem continues to grow. By 2030, IESE sets ambitious goals, in line with three of the UN Sustainable Development Goals:

  • Generate 50,000 new jobs by supporting 5,000 entrepreneurs in building their startups and fundraising.
  • Impact 2,000 senior managers worldwide through research and activities related to innovation and entrepreneurship.
  • Publish 200 new articles and other content related to search funds, corporate entrepreneurship, technology transfer and angel investment, in order to foster innovation.