TLDR:
Wayra, under the leadership of Irene Gómez, is set to invest up to $5 million per startup as it transitions into an autonomous operational unit within Telefónica. This strategic shift aims to support ventures with substantial potential and enhance innovation across Telefónica’s portfolio.
Article Summary:
Wayra, a Corporate Venture Capital (CVC) service, is increasing its investment capacity to up to $5 million per startup under the leadership of Irene Gómez. The company is transitioning into an autonomous operational unit within Telefónica, signaling a new phase of growth and autonomy. This decision to increase investment capacity reflects a strategic shift towards supporting ventures with substantial potential, with Wayra holding an active portfolio of 530 startups, 330 of which have already collaborated with Telefónica. With over €230 million already invested, Wayra aims to position itself as a leading CVC service, streamlining Telefónica’s investment activities under one roof and fostering innovation and sustainable investment practices within the tech landscape.
