TLDR
- Spanish VC firm Kfund raises $75 million to fund tech projects focused on AI and data.
- Kfund aims to support founders in Europe working with foundational technologies like data plays, platform layers, and AI.
Spanish venture capital (VC) firm Kfund has raised $75 million to fund tech projects. The company announced the new fund on June 17, stating that it would help support founders in Europe working with foundational technologies such as data plays, platform layers, and artificial intelligence (AI). Kfund targets southern Europe and aims to support founders from pre-seed to Series B through their family of funds. The market trend shows that successful companies are becoming more B2B focused than consumer focused, with a shift from 28% to 60% in B2B “tech-enabled” unicorns in the U.K., Germany, and France between 2012 and 2017. This follows the news of a turnaround in tech investments in Europe, with private tech investor Creandum unveiling a $544 million fund. Last year saw a steep drop in tech investments in Europe, but the sentiment, appetite, and activity in the industry are now changing.
AI is playing a crucial role in venture capital decisions by augmenting human capabilities to quickly analyze massive amounts of data on startups and market trends. Steve Brotman, managing partner of growth equity firm Alpha Partners, highlighted that AI improves efficiency and provides a depth of insight into potential investments that were previously unimaginable. With AI, VC firms can analyze market trends, startup performance metrics, and critical data points at a scale and speed unattainable for a team of human analysts alone.
