TLDR:
– Cuatrecasas advised on the creation of Successful Fund I FCRE, a venture capital fund of up to 30 million euros
– The fund will invest in innovative start-ups with valuations of less than €5 million and less than two years of existence
Cuatrecasas has advised Successful Capital on the creation of Successful Fund I FCRE, a venture capital fund of up to 30 million euros, which will invest in innovative start-ups. The main objective of Successful Fund I FCRE will be to drive innovation and sustainable growth by providing strategic financing to startups and emerging projects with valuations of less than €5 million and less than two years of existence. The initial investment tickets are between 50,000 and 200,000 euros per startup, with follow-ons of up to 500,000 euros per startup. This is a strategy that seeks not only to provide the necessary funding in the early stages, but also to support the continued growth of the most successful startups as they evolve. The Cuatrecasas advisory team included corporate lawyers Jorge Canta , María Pilar Pastor Reig and Cristina Medem.
