The comedian and radio and television presenter David Broncano has decided to join the team at Enzo Ventures, the Spanish venture capital fund specializing in European technology startups. Broncano enters as an investor (or limited partner, in English) and at the same time will be part of its network of operating partners, who are entrepreneurs and investors from different European countries and from different industries who, in addition to capital, “can contribute their experience and value to the companies in which Enzo invests”, Edgar Vicente, founding partner of the fund, explains to CincoDías.
The regulation of these investment vehicles established by the National Securities Market Commission (CNMV) sets a minimum or ticket of at least 100,000 euros to be able to participate in this class of companies.
As Edgar Vicente explains, Broncano can provide Enzo with his experience in companies that work directly with the consumer and in sectors such as advertising.
“What interested David Broncano the most about our project is that Enzo is committed to innovation and that we support the entrepreneurship of the youngest in technology companies,” adds Vicente.
Enzo Ventures, promoted by Barcelonans Iván Fernández and Edgar Vicente, launched its second Spanish fund at the beginning of this year to invest in European technology startups. It did so just 10 months after it took out a first micro-fund of 1.5 million, with the economic and operational backing of the renowned British vehicle ProFounders Capital (with some 100 million under management), which wanted to have an instrument to invest in the first stages of startups (the so-called pre-seed and seed).
That second fund, Enzo Ventures I FCRE, has a size of 20 million and operates under the manager Moira Capital Partners, led by Javier Loizaga, former president of Mercapital and historical investor of ACS. Both funds are already integrated to avoid having two investment vehicles open at the same time.
In addition to betting on very young companies, what does not change is the destination sector for their investment. “We are agnostic in terms of the sector: fintech, proptech, blockchain, SaaS… We only look for disruptive companies with an important technological component,” Vicente recalls.
Among its greatest assets, the internal organization of Enzo Ventures also stands out. Vicente defends the community-fund concept, since it allows finding interesting startups, “and these, once invested, obtain operational support that other venture capital funds cannot offer due to their limited structure.”
Our operating partners help us through a commission in which they share their experience and the value they bring to the companies in which we invest, and all this allows us to have a great capillarity that other investment vehicles cannot offer.
Ambitious forecasts
Enzo Ventures has already made 13 investments and the goal is to reach 40 in two years. At first, their bet was on projects that required small investments, from 100,000 to 500,000 euros, in companies in their initial stage and from which they emerged shortly after. Now, depending on the firms and the project they develop, they are willing to invest up to three million and accompany them in successive rounds. Two of the latest investments in which he has participated are in Itsrever.com and Gretel.co.
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