Faber launches third VC fund with $34M first close, aims for $64M

Quick Summary:

The value of Spanish startups surpassed €100 billion in 2023, according to Dealroom data, with venture investment of €2.2 billion across some 850 rounds.

The startup ecosystem in the Iberian Peninsula — the region encompassing Spain and Portugal — has been on a roll the last couple of years.

Its most notable portfolio companies include Sword Health, Smartex, Mitiga, Luminate Medical, Unbabel and Microharvest.Mike Butcher (M.B.E.) is Editor-at-large of TechCrunch.

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Article Details

Author / Journalist: Mike Butcher

Category: Technology

Markets: United StatesPortugalSpain

Topics: Venture funds Venture Faber

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 13:36:31 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23447890

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