Madrid-based venture capital firm Seaya has launched Growth Tech Fund I, a €1 billion fund focused on applied AI, deeptech, fintech, climate solutions, and commerce. The fund is anchored by a €300 million investment from the European Investment Fund (EIF) under the European Tech Champions Initiative (ETCI), a program designed to help Europe’s most promising tech scale-ups grow from within the EU and compete globally.
- Founded in 2013 by Beatriz González, Seaya backs European and Latin American founders building leading tech startups. The firm has raised over €650 million across four venture and growth funds and currently manages three dedicated vehicles: Seaya Ventures, focused on European tech startups; Seaya Andromeda, investing in startups addressing climate challenges; and Seaya Cathay Latam, supporting Latin American startups transforming industries and societies.
- In 2024, Seaya closed €300 million for its climate tech fund, Seaya Andromeda, with backing from major investors including Santander, BNP Paribas Group, and Bpifrance. Classified as an Article 9 sustainability-focused fund, Seaya Andromeda invests in technology-driven startups across Europe and the UK to tackle global climate challenges.
- The new Growth Tech Fund I targets high-growth European technology companies at Series C and later stages, providing the capital needed to scale and compete internationally. The fund will make equity investments in startups with defensible technologies across critical sectors, enabling them to grow while remaining in Europe.
- By bridging the European growth-stage funding gap, the fund aims to strengthen Europe’s position in next-generation technologies and support startups that have the potential to become global leaders. Seaya is now seeking additional institutional investors to reach the fund’s €1 billion target, complementing the EIF’s anchor investment.
