ACTIVE Venture Partners SGECR (“ACTIVE”), one of the market leaders in Spain in the venture capital tech scene, announced their second fund; ACTIVE Venture II F.C.R. (ACTIVE Venture II) that adds up to a total of €25,000,000.
ACTIVE Venture II has on board the top European private and institutional investors. More than 50% of the capital derives from a group of 3 private investors (Family Offices) and the managing team’s own funds. The remaining sum comes from NEOTEC CAPITAL RIESGO SOCIEDAD DE FONDOS SA, promoted by CDTI, participated and managed by the EUROPEAN INVETSMENT FUND and by Axis/ICO through their fund FESPYME FCR.
The partners and managers of ACTIVE, Christopher Pommerening, Philipp Schroeder, Ricard Söderberg and Blair MacLaren, are vey satisfied with their investors and having been able to make their first close during 2010. ACTIVE is one of the few European venture firms that have been able to close a fund in the last 18 months, as it has been a complicated time for fundraising.
ACTIVE plans to have their second closing for the ACTIVE Venture II fund in march 2011. The management team is already negotiating with new investors for the next close and has already secured additional commitments.
ACTIVE’s Venture II strategy is to invest two thirds of the fund in Spain and the rest in Europe with a special focus on Germany and Scandinavia. The sector focus is on internet, software telecommunications and energy efficiency. ACTIVE specialises in the start-up and expansion phases and the investments oscillate between €500,000 and €4,000,000.
ACTIVE Venture II has already invested in Oooferton (www.oooferton.com) the e-commerce live shopping company, the first of its kind in Spain
About ACTIVE Venture Partners SGECR: www.active-vp-com
ACTIVE is a managing company that manages venture capital funds registered with the CNMV. ACTIVE is one of the first international venture capital companies in Barcelona. Investments are directed towards technology companies based in Europe that are either in the start-up or expansion phase. In addition active supports the portfolio companies by offering strategic and operational advise experiences and access to an international network of contacts. Being entrepreneurs themselves, the founding management team of ACTIVE created the Venturepreneurs’ Organization that unites the know-how and experience of serial entrepreneurs that also invests in the seed phases of a company. ACTIVE manages the fund Molins Capital Inversion SCR and Active Venture II F.C.R. with total assets under management of €45,000,000.