Key Takeaways
- • Seaya Ventures, a Spanish venture capital firm backed by Banco Santander SA, raised €600 million ($637 million) for a new fund focused on European startups, called Seaya Novo.
- • Seaya is opening a London office, with Vinoth Jayakumar joining as managing partner to help run the fund.
- • Jayakumar and co-founder and managing partner Beatriz González will jointly run Novo from London and Madrid, supported by a team of eight investors.
- • The London expansion, announced in a company statement on Thursday, extends Seaya's footprint beyond Spain into a major European venture hub.
Summary
Seaya Ventures, a Spanish venture capital firm backed by Banco Santander SA, is opening an office in London after raising €600 million ($637 million) for a new fund focused on European startups, according to Bloomberg. The company announced the move in a statement on Thursday.
The new vehicle, Seaya Novo, will be run jointly by Vinoth Jayakumar and Seaya co-founder and managing partner Beatriz González. Jayakumar joins Seaya as a managing partner based in London, while González will operate from Madrid, with the pair steering the fund across both locations. They will be supported by a team of eight investors.
The fund's fundraising and London launch underscore continued institutional appetite for European early-stage venture capital, with a Spanish manager establishing a second major base in London. The source material does not disclose the fund's target return, investor base, or detailed strategy beyond its focus on European startups.
The new vehicle, Seaya Novo, will be run jointly by Vinoth Jayakumar and Seaya co-founder and managing partner Beatriz González. Jayakumar joins Seaya as a managing partner based in London, while González will operate from Madrid, with the pair steering the fund across both locations. They will be supported by a team of eight investors.
The fund's fundraising and London launch underscore continued institutional appetite for European early-stage venture capital, with a Spanish manager establishing a second major base in London. The source material does not disclose the fund's target return, investor base, or detailed strategy beyond its focus on European startups.
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