TLDR:
• All Iron launches new firm, Acurio Ventures III, to raise €30M and complete its startup fund.
• The new firm will focus on seed and Series A rounds, mainly in the European market.
All Iron, a venture capital manager known for investments in companies like Jobandtalent and Seedtag, has launched a new firm called Acurio Ventures III. The goal of this new firm is to raise €30M and complete its startup fund. Acurio Ventures III will focus on seed and Series A rounds, with a geographic focus on the European market and “special attention” to Spanish companies. The company will have an initial placement period of twelve months, which can be extended for an additional six months. This launch comes at a time of a tightening global private equity market, with fund managers raising $30.4 billion in the first quarter of the year, the worst start since 2016. With this new fund, All Iron would nearly double its assets under management, showing its commitment to investing in startups in the European market.
