Bynd Venture Capital, a prominent venture capital firm with a strong presence in the Iberian Peninsula, has announced the launch of its third fund, valued at €40 million. This new fund aims to support early-stage technology startups in Spain and Portugal, with a particular focus on artificial intelligence (AI), software, consumer goods, and sustainability technology. Backed by notable investors, including the Spanish fund of funds Fond-ICO, the Portuguese industrial group Nors, Caixa Capital, as well as family offices and private investors, Bynd’s Fund III is designed to fuel innovation in the region and empower local entrepreneurs to scale globally.

Bynd’s Commitment to the Iberian Ecosystem

The launch of Fund III marks another key milestone in Bynd’s long-term strategy to strengthen the regional innovation ecosystem. Santiago Salazar, Chairman of Bynd Venture Capital, highlighted the firm’s unwavering commitment to the Iberian startup scene, which began in 2010 with the launch of its Business Angels vehicle and progressed in 2015 with the establishment of Bynd as a venture capital firm. This deep-rooted history has enabled Bynd to build a strong network, positioning the firm as a central player in the Iberian startup ecosystem.

“Our experience and the network of contacts we’ve developed over the years give us privileged access to investment opportunities,” Salazar explained. “We can offer founders the tools and knowledge needed to scale their businesses globally.”

Bynd’s extensive network, including over 400 partners and 70 active founders, provides its portfolio companies with valuable support as they navigate the challenges of early-stage growth. The firm’s ability to foster strong relationships with regional and international investors also positions it to help startups scale effectively.

Fund III’s Investment Focus

The €40 million fund is set to make strategic investments in approximately 40 early-stage tech startups across Spain and Portugal, focusing on high-growth sectors like AI, software, consumer goods, and sustainability technologies. Bynd aims to nurture startups with the potential for global expansion, providing them with not only financial capital but also the necessary resources and expertise to thrive in competitive global markets.

Bynd’s commitment to driving positive change extends to its investment strategy, as the firm intends to track environmental, social, and governance (ESG) metrics across its portfolio. The firm is also placing a priority on diversity, actively seeking out startups with diverse founding teams and ensuring that the companies in its portfolio are aligned with sustainable business practices.

Investors and Early-Stage Focus

Fund III has already attracted a strong lineup of investors, including major regional players such as Fond-ICO, Nors, Caixa Capital, and several family offices and private investors. This diverse investor base will help provide the necessary financial backing to support the ambitious goals of the fund.

The fund’s strategy includes investments in both pre-seed and seed-stage companies. Over the next four years, Bynd plans to make around 40 investments, with 20 aimed at pre-seed startups and another 20 targeting seed-stage companies. Additionally, capital has been earmarked for follow-on rounds to ensure that Bynd’s portfolio companies continue to receive the support they need as they mature.

Francisco Ferreira Pinto, Partner at Bynd VC, emphasized the firm’s active investment approach, saying, “After our first closing in May, we have been actively investing and plan to make around 40 investments over the next four years. This includes investments in both pre-seed and seed-stage startups, as well as follow-on rounds for portfolio companies.”

Expanding Local Presence

To support the growth and expansion of Fund III, Bynd has strengthened its presence in Spain by recruiting two new associates. Gerard Adell has joined the firm’s Barcelona office, while Alvaro Garcia will be based in Madrid. These new hires will help Bynd enhance its ability to identify and support high-potential startups across Spain and Portugal.

The expansion of Bynd’s team reflects the firm’s commitment to being a hands-on partner for entrepreneurs and reinforcing its capacity to identify promising startups in the Iberian tech scene. Bynd’s network of associates, partners, and founders provides a solid foundation for its growth strategy, ensuring that startups in its portfolio receive the support and guidance needed to succeed.

Bynd’s Track Record and Global Ambitions

Since its inception in 2015, Bynd has built an impressive track record, supporting over 60 startups and establishing itself as a key player in the Iberian venture capital landscape. With Fund III, the firm aims to continue its mission of fostering innovation in the region while expanding its impact on the global stage.

Bynd’s focus on sectors such as AI, software, and sustainability technology aligns with global trends, positioning the firm to contribute to the global shift toward digital transformation and environmental responsibility. As startups in Bynd’s portfolio grow and scale, the firm’s network and expertise will play a critical role in helping them overcome the challenges of international expansion.

The launch of Bynd Venture Capital’s €40 million Fund III signals a promising future for tech startups in Spain and Portugal. Bynd’s long-standing commitment to the Iberian ecosystem, combined with its experienced team and extensive network, makes it well-positioned to support the next generation of innovative companies in the region. As the firm continues to expand its reach and impact, it will undoubtedly play a critical role in shaping the future of the Iberian tech landscape, empowering entrepreneurs to bring their ideas to global markets and drive positive change.