Spanish VC Abac Nest Ventures has launched a €20 million fund, Abac Nest II, to support early-stage software startups, focusing on finance, AI, digital health, and consumer sectors. LPs consist of private investors and family businesses, including the DeepTech fund of the Barcelona City Council and the Instituto de Crédito Oficial.
- Established in 2017 by Borja Martinez de la Rosa and Rubén Bonet, Abac Nest Ventures is a management company that invests in tech-based startups at seed and pre-seed stages, with ticket sizes ranging between €50,000 and €500,000.
- Since its inception, Abac Nest Ventures has built a portfolio of 19 startups and made 30 investments, including Taclia, TaxDown, Food for Joe, and Project Lobster. The firm has had six successful exits, including Catevering, Reby, Rimbo, and Innroute.
- With the Abac Nest II fund, the firm focuses on investing in Spanish startups in the pre-seed or seed phase, typically allocating between €200,000 and €1 million per investment. Abac Nest Ventures has completed six investment rounds and is currently finalizing its seventh round, which includes investments in Flipflow, Roiward, and Nextmol.
- Private investors and family businesses, along with funds like the DeepTech fund of the Barcelona City Council and the Instituto de Crédito Oficial (through Fond-ICO), are investors in Abac Nest Ventures. The ICO has committed to match Abac Nest's private investment, effectively contributing around €10 million from private investors and €10 million from the ICO. Abac Nest plans to grow this total to at least €30 million by the end of the year.
“We are proud of our distinctive VC strategy, focused on adding value to Founders through our extensive network and background investing in the Spanish Mid-Market at Abac Capital. Our investment team is not only talented in early-stage but also experienced as a leading player in the SME Private Equity industry, setting us apart to provide day-0 to exit support to our portfolio,” Abac Nest Ventures’s team, commented on LinkedIn.
