Kfund, an international family of multi-stage funds that supports entrepreneurs in Southern Europe and Latam has secured commitments above EUR70 million for their sixth fund. This milestone was achieved in record time, despite the increasingly complex international landscape when it comes to financing technology projects.
This new fund will allow Kfund to increase its support of high-impact projects throughout southern Europe. K3 builds on the success of its predecessors K1 and K2, who have supported many of the most important technological initiatives in Spain over the last eight years. During this time, the Kfund team identified and supported Spanish founders as they developed their ideas and prototypes into high-growth businesses and scaleups.
K3 is the sixth fund in Kfund’s history, continuing on a journey which began with K1 back in 2016. Since then, Kfund evolved into a fund family with different vehicles that support the most ambitious entrepreneurs in every stage of their project–from initial concept to the establishment global impactful multinationals. Kfund’s vehicles provide entrepreneurs with funding ranging from EUR100k up to EUR10m, making it the only manager in the region that can support projects from pre-seed through to Series A.
Inaki Arrola emphasized the importance of launching the new fund: “The launching of this fund allows for us to continue deepening our journey that we began in 2016”. Our mission is to give those who want to start impactful businesses the support that we wish we had when we first started our ventures. The rapid market support we’ve received for this fund is testament to the trust Spain’s top entrepreneurs have shown in us over the last eight years. “Our success is theirs.”
According the Kfund team the fund remains committed the vision that inspired its creation: the belief that technologies like Artificial Intelligence (AI), Data Analytics, Edge Computing (5G connectivity), Blockchain, and Cloud Services, will profoundly redefine industries, and chart a course for our planet.
Kfund’s vision is to see the immense potential of the southern European technology ecosystem, where the fund manager has concentrated most of its investments. They believe that funds that support founders who are close to them and have a deep understanding of the specific growth challenges they face can significantly contribute to job creation and local wealth.
Kfund has invested with many of the most prestigious funds in the world, including Goldman Sachs and Softbank. This collaboration highlights the flourishing interaction between disruptive technology and traditionally conservative sectors. The launch of this new fund supports the thesis that there are significant opportunities in enhancing efficiency and fostering new avenues of human-machine cooperation.