Seaya, a venture capital firm based in Madrid, has launched the Seaya Andromeda fund, raising €300 million. This fund, Southern Europe's first Article 9 climate-tech fund, significantly boosts Seaya’s assets, making it the leading VC firm in Spain with over €650 million under management.

Fund and Partners

The Seaya Andromeda fund counts major investors such as Iberdrola, Nortia, Santander, BNP Paribas Group, Next Tech Fund, and Bpifrance among its limited partners. It targets investments in companies dedicated to energy transition, decarbonization, and other sustainability-focused areas.

Investment Focus

Seaya Andromeda adheres to SFDR’s Article 9, which ensures that all investments focus on generating positive environmental or social impacts. The fund’s strategy includes investing in companies that contribute to a sustainable society by minimizing waste and pollution.

Investment Activity and Future Plans 

The fund has already made five investments, including in Recycleye, an AI-powered recycling robot, and 011h, a firm specializing in eco-friendly construction methods. Seaya Andromeda plans to make 25 investments by 2027, with initial checks ranging from €7 to €40 million and provisions for follow-on investments.

The closing of the Seaya Andromeda fund represents a major advancement in climate-tech funding in Southern Europe. By focusing on high-impact, sustainable investments, Seaya aims to drive significant progress in the sector and maintain its leadership in the venture capital space.