10.15.2009

Funds Raised

by seedcapital

After a bit more than a year of planning and working, we are finally able to announce the successful raising of 500.000€ for our seed & startup investment fund.

The amount is split between equity and debt and represents an investment solely from private investors.

The funds raised will be used to invest small amounts (15/25K) in seed & startup companies and projects (pre-business plan, pre-prototype, pre-money). We are looking to invest in 10 to 15 projects in the Technology, Media and Telecommunications industry over the next 3 years. The selection and management of projects will be done by Maverick ( http://maverick.pt/ ), namely by Mario Valente who will be our “entrepreneur in residence”.

Soon we will provide further information on how to present ideas and how to be present at our upcoming Kickstart event.

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Comments

  1. Andre Ribeirinho on 10.17.2009

    Congratulations on the entrepreneurship move. This is certainly a changing point on technology investments funds in Portugal.