GED bets on startups and creates its new fund, Conexo
The Spanish manager GED takes another step in the diversification of its strategy and adds a new line of business. As the Economist has learned, the firm has just launched a new vehicle, Conexo, focused on the venture capital business (seed capital). Through it, GED will select about 20 companies in the Iberian Peninsula in which it will invest in order to grow and expand its business globally.
However, they do not rule out making any of these investments in startups in other countries based on market opportunities. This new vehicle has an objective size of between 40 and 50 million […]