{"id":2548,"date":"2025-05-07T09:29:38","date_gmt":"2025-05-07T09:29:38","guid":{"rendered":"https:\/\/dev.altercapital.es\/?page_id=2548"},"modified":"2025-12-04T17:01:50","modified_gmt":"2025-12-04T17:01:50","slug":"alter-por-50-millones","status":"publish","type":"page","link":"https:\/\/www.altercapital.es\/en\/alter-por-50-millones\/","title":{"rendered":"Alter por 50 millones"},"content":{"rendered":"
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Alter, Quadriga and Axon, managers of three new funds from the Regional Government of Andalusia totaling \u20ac50 million<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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The Regional Government awards three new venture capital funds totaling \u20ac50.25 million.<\/strong>
\nThe Ministry of Economic Transformation, Industry, Knowledge and Universities, through the Andalusian Agency for Innovation and Development (Agencia IDEA), has awarded three new venture capital funds, which will have a total value of \u20ac50.25 million, co-financed with European Union ERDF funds. This amount exceeds by \u20ac4.7 million the required allocation for their award, as highlighted by the Andalusian government department led by Rogelio Velasco.
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The Minister emphasized the importance of these investment instruments, \u201cwhich will be managed by specialized companies.\u201d On one hand, he stated, \u201cAndalusia aligns with the European Commission in promoting these financial instruments, which provide the productive fabric with a clear multiplier effect.\u201d Venture capital funds, he added, \u201calso have a strong capacity to combine public and private resources.\u201d
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\u201cWith this policy, the regional government promotes Andalusia\u2019s productive fabric, particularly the industrial sector,\u201d Velasco explained, emphasizing that \u201cnew companies will be able to develop rapidly in their initial phase, contributing to economic diversification and strengtheni
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Return-oriented funds and focus on innovative entrepreneurs<\/strong>
\nAccording to the Minister of Economic Transformation, \u201cventure capital funds have a return component, which allows for a more sustainable system of support.\u201d Specifically, regarding the Startup Venture Capital Fund, \u201cwe are specifically targeting the \u2018opportunity\u2019 entrepreneur, who seeks to bring an innovative idea to market and contributes to improving the region\u2019s productive model.\u201d \u201cIn sum, these funds will contribute to better financing for companies and connecting with national and international investors,\u201d Velasco emphasized.
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One fund for startups and two for business expansion
<\/strong>\nThe first of these funds will focus on startups, and the remaining two on business expansion. These investment instruments are part of the Andalusian Public Fund for Business Financing and Economic Development, in which Agencia IDEA acts as the financial agent.
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The Startup Venture Capital Fund will be managed by Quadriga Asset Managers. It comprises a public contribution of \u20ac8 million and a private participation of \u20ac2.10 million (the minimum required for its establishment was \u20ac1 million). This is seed capital, intended for SMEs and micro-enterprises in an early stage, with no more than seven years of activity. Eligible companies must be located in Andalusia and not be in financial distress.
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To qualify for this fund, companies must be innovative, with business projects aligned with the innovation and research strategies of the Andalusian government.
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The financial instruments primarily used in this case are equity participation and participative loans. The maximum amount per investment round will be \u20ac600,000 annually, with a cap of \u20ac200,000 per milestone or disbursement. In any case, a single beneficiary may not receive more than 10% of the total committed fund assets.
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Expansion Venture Capital Funds
<\/strong>\nThe line for the Expansion Venture Capital Fund includes the allocation of two lots to cover a broader spectrum of project types and bidders. On one hand, a \u20ac19 million public contribution fund has been awarded to Axon Partners Group, which contributes \u20ac6 million to the fund (the minimum private contribution was \u20ac5 million)
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Alter Capital manages the second expansion fund
<\/strong>\nOn the other hand, the \u20ac10 million public contribution fund has been awarded to Alter Capital Desarrollo, which contributes \u20ac5.15 million (compared to the minimum required private contribution of \u20ac2.5 million).
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These funds will be allocated to SMEs and micro-enterprises in an early expansion phase (companies with initiated projects, prepared for a substantial investment round, even if not yet generating revenue). As with the previous fund, companies must be based in Andalusia, not in crisis, and have projects aligned with the innovation and research strategies of the Andalusian government.
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Through equity participations or participative loans as the main financing instruments, the total risk exposure per recipient may not exceed 15% of the fund\u2019s assets, ensuring portfolio diversification. No funding round or series will exceed \u20ac2 million.
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The timeframe for making investments through these three venture capital funds will be three years from their establishment, with until the end of 2029 to return the investments and complete liquidation.
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These financial intermediaries will have among their activities the constitution and management of the fund, will attract private investors as participants in the fund, will detect and analyze investment projects and will control the correct execution of the operations.
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Awardees of Venture Capital Funds
<\/strong>\n\nFounded in 2007, Quadriga Asset Managers is headquartered in Madrid and New York (with an additional office to be established in Andalusia), invests globally, and specializes in alternative financing with a multi-asset investment strategy. It currently manages over \u20ac1.5 billion across more than 10 different funds.
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Axon Partners Group: global investor specialized in technology<\/strong>\n
Axon Partners Group, founded in 2006, is headquartered in Madrid and operates globally with offices in Andalusia, Madrid, Bogot\u00e1, Mexico, Istanbul, and Riyadh. It specializes in technology (expansion phase) and has invested in more than 41 projects to date.
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Alter Capital Desarrollo, founded in 2000 and based in Seville, specializes in the Spanish \u2018low market\u2019 (transaction sizes between \u20ac1 million and \u20ac4 million). Since its establishment, it has carried out 35 transactions totaling \u20ac95 million.
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Fuente: https:\/\/www.abc.es\/sevilla\/economia\/sevi-junta-andalucia-pone-marcha-tres-fondos-\ncapital-riesgo-5025-millones-202102221819_noticia.html<\/strong><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

"Alter, Quadriga y Axon, gestoras de tres nuevos fondos de la Junta de Andaluc\u00eda por 50 millones de euros" La Junta adjudica tres nuevos fondos de capital riesgo por 50,25 millones de euros La Consejer\u00eda de Transformaci\u00f3n Econ\u00f3mica, Industria, Conocimiento y Universidades, a trav\u00e9s de la Agencia de Innovaci\u00f3n y Desarrollo de Andaluc\u00eda (IDEA) ha […]<\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-2548","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/pages\/2548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/comments?post=2548"}],"version-history":[{"count":22,"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/pages\/2548\/revisions"}],"predecessor-version":[{"id":3583,"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/pages\/2548\/revisions\/3583"}],"wp:attachment":[{"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/media?parent=2548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}