In a landmark achievement for Spain’s venture capital landscape, Seaya, a prominent investment firm based in Madrid, has successfully closed its Seaya Andromeda fund at an impressive €300 million. This fund marks Southern Europe’s pioneering Article 9 climatetech initiative, dedicated to advancing impact-driven growth in sectors crucial to global sustainability.
Seaya Andromeda focuses its investments on companies at the forefront of energy transition, decarbonisation, sustainable food value chains, and the circular economy. Backed by leading institutions including Iberdrola, Nortia, Santander, BNP Paribas Group, Next Tech Fund, and Bpifrance, the fund bolsters Seaya’s position as Spain’s largest VC investor, boasting a total Assets Under Management (AUM) exceeding €650 million.
Founded on principles aligned with SFDR’s Article 9, Seaya Andromeda ensures all investments contribute substantively to environmental or societal betterment. The fund’s rigorous selection criteria prioritize entities mitigating waste and pollution, reinforcing its commitment to sustainable development goals.
Since its inception, Seaya has cultivated a robust portfolio in climate technology, leveraging over a decade of expertise to shepherd impactful ventures from inception to successful exits. The Andromeda fund exemplifies this dedication, having already deployed capital into transformative technologies such as Recycleye, an AI-powered waste sorting solution, and 011h, a construction innovator slashing CO2 emissions by 75% on building sites.
Pablo Pedrejón and Carlos Fisch, Andromeda’s Investment Partners, spearhead efforts across four strategic verticals: energy transition, decarbonisation, sustainable food chains, and circular economy. Their vision underscores the fund’s pivotal role in supporting deep-tech entrepreneurs navigating the critical stages of product development, market entry, and scalability.
Editorial Opinion:
The €300 million secured by Seaya Andromeda heralds a new era of sustainability-focused investing in Southern Europe, positioning the region as a hub for climate-tech innovation. As global imperatives for carbon reduction intensify, initiatives like Andromeda not only foster technological advancement but also drive economic growth through job creation and sectoral resilience.
This funding injection is poised to accelerate the trajectory of emerging climate-tech firms, providing crucial capital and strategic guidance to bridge the ‘valley of death’ between R&D and commercial viability. The focus on sectors like energy transition and circular economy reflects a strategic alignment with EU sustainability goals, ensuring that investments yield both environmental impact and financial returns.
In conclusion, Seaya Andromeda’s achievement underscores the potential of venture capital to drive meaningful change in combating climate change. As stakeholders increasingly recognize the urgency of sustainable investment, initiatives like Andromeda serve as beacons of hope, pioneering solutions that address pressing global challenges.
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