Investor Carlos Blanco launches his new management company and launches a vehicle that will invest between 40 and 50 million euros in early-stage technology start-ups.
Order Capital Partnersthe venture capital manager led by Carlos Blanco and Mercè Tellbegins 2024 with the launch of the fund Order IIwhich will have a target size between 40 million and 50 million euros and that it has already completed its first seven investments. The vehicle plans to enter to boot early-stage technology companies primarily in the Spanish market, although it may also have operations in Latin America and Southern Europe.
The first move was to allocate 1.5 million to emerging businesses Cuïmoa motorcycle buying and selling platform; Notwhich has developed a software service for parking management; Illumo Roboticsdedicated to collection automated for logistics companies, commercial activities and online shops; Ezpays, fintech which facilitates the collection of recurring payments; Evolveall-in-one management software for commercial businesses; Ecostarspecialized in sustainability certification and environmental impact management in the hotel sector, e Zinkeewhich has developed a tool for the digitalisation of SMEs.
Order II invest between 100,000 euros and 500,000 euros per to boot and can reach up to four million depending on the project. His goal is to build a portfolio of 40 to 50 companies, first with small tickets and then providing more resources to those that perform best. The fund has not carried out an old-fashioned first closing, but will receive money from its investors progressively in January and February.
“After 2023 with a level of investment in to boot very low in Spain, we believe that 2024 is a spectacular time to invest in new technology companies,” he says. Carlos Blancopresident and CEO of Order Capital Partners. Blanco will share the position of partner of the new fund together with Mercè Tell and Javier Darriba. “The confluence in the maturation of technologies such as artificial intelligence, big datavirtual reality, blockchain or cloud computing implies that we are at the beginning of a new era with great investment opportunities,” he points out.
“The team of Order II selected the top seven investments over more than nine months and analyzed more than 900 of them to boot“Adds Mercè Tell for his part. “Having successful entrepreneurs like Javier Darriba, one of the leading B2B SaaS experts in Spain, allows us to give added value to the to boot who appreciate having Order as an investor,” the investor emphasizes.
Order Capital Partners was born last November through the transformation of the venture capital company Nekko Capitalwhich was acquired by Carlos Blanco with the aim of launching the new vehicle. The old Order Smart Capitalmanaged by Blanco since 2016, it changed its name to ESC venture capital and with its only fund it is already in the disinvestment phase.
The new one Order Its partners and directors are Mercè Tell, Telmo Pérez, Ernest Sanchez and Miguel Sanz, as well as Christophe Canler as independent director. The firm also manages the Palladium and N Ventures funds and has Toni Raurich, Marc Vicente and Mario Brassesco on its investment committee.
2024-01-10 15:49:41
#Encomenda #fund #debut #investments