TLDR:
Seaya, a venture capital firm based in Madrid, has closed Southern Europe’s first Article 9 climate-tech fund at €300M, with limited partners including Iberdrola, Nortia, Santander, BNP Paribas Group, Next Tech Fund, and Bpifrance. The fund, named Seaya Andromeda, aims to invest in 25 climate-focused portfolio companies by 2027. This new fund brings Seaya’s total assets under management to over €650M, making it the largest VC investor in Spain.
Madrid-based venture capital firm Seaya has closed Southern Europe’s first Article 9 climate-tech fund at €300M. The fund’s limited partners include Iberdrola, Nortia, Santander, BNP Paribas Group, Next Tech Fund, and Bpifrance.
Carlos Fisch, partner at Seaya, highlighted the need for experienced investors to support startups navigating growth challenges in the climate-tech space. Seaya aims to invest in 25 climate-focused portfolio companies by 2027.
Seaya Andromeda fund focuses on energy transition, decarbonisation, sustainable food value chains, and the circular economy. The fund adheres to SFDR’s Article 9, ensuring positive societal and environmental impact with its investments.
The first five investments from the Andromeda fund have already been made into impact tech companies like Recycleye and 011h. Seaya plans to invest between €7M-40M as a first cheque and aims to make 25 investments by the end of 2027.
