Kfund has managed to exceed 70 million euros in commitments for its sixth fund. The process has been achieved in a record time in the midst of a context of increasing complexity in the financing sector for technological projects at an international level. This achievement supports the work carried out by the manager over the last eight years, highlighting the positive evolution of K1, the original fund with which the project began. Now, in its final stretch, K1 is consolidated as one of the most prominent of its category.
With this new vehicle, the manager is ready to redouble its support for projects with the greatest potential for impact in southern Europe. K3 was born with the vocation to continue advancing on the path opened by its predecessors K1 and K2, which over the last eight years have supported many of the most relevant technological initiatives in the Spanish sector. Throughout this time, the Kfund team has managed to identify the best founders in Spain, from the earliest stages, when they are just an idea or a prototype in the minds of entrepreneurs, until when they have already become companies. high growth or scaleups.
The vehicle seeks to support entrepreneurs such as Jordi, Bernat and Jordi, from Factorial; Diego and Eduardo, from Urbanitae; Pere and Jesús, from Exoticca; Pablo and Álvaro, from Barkibu; Julio and Jorge, from Abacum, as well as all the other projects that are part of the K family. The objective of K3 is none other than to encourage the next generation of entrepreneurs so that their activity has the greatest possible impact both at a business and social.
Iñaki Arrola, General Partner of Kfund, has highlighted the importance of the launch of this new vehicle. “The launch of this new fund allows us, precisely, to continue delving into the path we began in 2016. The idea is the same: to give those who are trying to start companies that want to have a great impact the support that we would have liked to find when we start our projects. If today we have such rapid support from the market to raise this fund, it is because the best entrepreneurs in Spain have let us enter their projects in these eight years. Our success is your success.”
In search of tomorrow’s entrepreneurs
The Kfund team maintains intact the vision that led them to launch this manager: the belief that technologies such as artificial intelligence, Data Analytics, Edge Computing, 5G connectivity, Blockchain or Cloud Services will profoundly redefine industries. and will set a new course for our planet.
With this vision in mind, Kfund considers that the technological ecosystem is full of opportunities with considerable untapped potential in southern Europe. A geographical area to which practically all of the manager’s investments are limited due to the conviction that funds that support founders with greater proximity and understanding of their specific expansion challenges can promote job creation and generation. of local wealth.
Over the years, Kfund has co-invested with some of the most prominent international funds, such as Creandum, Atomico, a16z, Goldman Sachs, Softbank, CRV and Bitkraft. A key issue for the manager since it demonstrates a thriving interaction between disruptive technologies and sectors that were previously considered traditional. In this sense, the launch of the new fund is a reinforcement of the thesis that there are great opportunities when it comes to unlocking efficiencies and generating new possibilities for collaboration between humans and machines.
Sixth bottom
K3 becomes the sixth fund for Kfund. A journey that started with K1, the fund with which the company was launched in 2016. From that starting point, in these eight years, the manager has evolved as a family of funds with different vehicles that allow supporting the most daring entrepreneurs in the different stages of their project. From the most initial moments to the construction of multinationals with global impact.
The different Kfund vehicles make tickets ranging from 100,000 euros to 10 million euros available to entrepreneurs. A range of options that makes this manager the only one in the region capable of accompanying projects from the pre-seed phases to Series B.
The launch of the new fund allows Kfund to face a crucial moment for the technological ecosystem, equipped with the necessary resources to generate an immediate impact. In an increasingly dynamic and accelerated context, this new vehicle will allow the manager to support entrepreneurs in the creation and consolidation of companies that will define the business future of southern Europe.
