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Avet Ventures is a Barcelona-based venture capital firm that focuses on early-stage technology companies. Established as a successor to previous funds, Avet Ventures has inherited a diverse portfolio and aims to leverage its experience to support innovative startups. The firm was founded with an initial capital of €300,000 and operates from Barcelona's Diagonal district.
Currently, Avet Ventures manages a fund size of $50 million, targeting investments in sectors such as advanced manufacturing, aerospace, and ICT. The firm has a history that traces back to 2002 through its predecessor funds, FonsInnocat and Highgrowth Innovación, which were closed and their portfolios inherited by Avet Ventures. This transition marks a significant evolution in the firm’s investment strategy and operational capabilities.
Avet Ventures has a global ambition for its portfolio companies, seeking to identify and nurture impactful startups in emerging sectors. The firm primarily targets public institutions and private investors, including family offices and insurance companies, as its limited partners.
Avet Ventures is dedicated to identifying and nurturing deep-tech startups that demonstrate potential for significant impact in their respective fields. The firm focuses on seed and Series A investments, particularly in hardware and industrial applications. It emphasizes sectors such as nanotechnology, advanced materials, advanced manufacturing, aerospace, and ICT.
The firm seeks to invest in companies developing cutting-edge technologies and solutions that align with its expertise. Avet Ventures prefers minority stakes in early-stage technology companies, aiming to support startups with a strong bias towards deep-tech innovations. The firm’s investment strategy is designed to provide both financial backing and strategic guidance to help portfolio companies scale effectively.
Avet Ventures has a notable portfolio company, Barkibu, a pet health platform in which the firm invested in September 2016. Barkibu focuses on providing health services and information for pet owners, enhancing the well-being of pets through technology.
In addition to Barkibu, Avet Ventures has inherited a portfolio from the FonsInnocat and Highgrowth Innovación funds. However, specific companies from this inherited portfolio are not detailed in available sources. The firm’s focus on deep-tech allows it to support a range of startups in advanced materials and nanotechnology, although the current status of these inherited investments remains unclear.
Mercè Tell: Co-leads the executive team at Avet Ventures, bringing extensive experience in venture capital and technology investments.
Félix Arias: Co-leads the executive team, focusing on identifying promising startups and supporting their growth.
Santiago Pi Figueras: President of Avet Ventures and partner at technology consultancy Birchman, contributing strategic insights and industry expertise.
David Avilés: Board secretary and attorney at Ovslaw (Overseas Law Practice), providing legal guidance and support for the firm’s operations.
In September 2016, Avet Ventures invested in Barkibu, a pet health platform that aims to enhance pet well-being through technology. This investment marks one of the firm's notable activities in the deep-tech sector.
Avet Ventures was established as a successor to previous funds, inheriting portfolios from FonsInnocat and Highgrowth Innovación funds. However, no recent deal activity has been reported post-2016, raising questions about the firm's current operational status and investment activity.
What are Avet Ventures' investment criteria?
Avet Ventures focuses on seed and Series A investments in deep-tech startups, particularly in hardware, advanced materials, and industrial applications. The firm seeks companies that demonstrate significant potential for impact in their respective fields.
How can I pitch to Avet Ventures?
Founders interested in pitching to Avet Ventures should prepare a detailed presentation that outlines their technology, market potential, and team capabilities. While specific application channels are not disclosed, a warm introduction through mutual connections in the technology sector may enhance the chances of engagement.
What makes Avet Ventures different from other investors?
Avet Ventures distinguishes itself by focusing on deep-tech sectors that require specialized knowledge and support. The firm provides strategic guidance and access to resources tailored to the unique challenges faced by hardware and industrial startups.
What is the geographic scope of Avet Ventures?
Avet Ventures operates globally, although it is based in Barcelona. The firm aims to support startups from various regions, particularly those developing innovative technologies in advanced manufacturing and related fields.
What is the typical check size for investments?
While specific check sizes are not detailed, Avet Ventures typically invests in early-stage companies, which suggests that investments may range from several hundred thousand to a few million euros, depending on the startup's needs and potential.
What kind of post-investment support does Avet Ventures provide?
Avet Ventures adds value to its portfolio companies through strategic guidance, leveraging its extensive network in the technology sector, and providing access to resources that can help startups scale effectively. The firm emphasizes team development and operational support.
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