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Kfund Secures €70M for Sixth Fund, Propelling Southern Europe’s Startups

Kfund secures €70M for K3 fund, boosting Southern Europe's startups and fostering innovation and economic growth in the region.
June 18, 2024

Kfund, a renowned multi-stage fund supporting entrepreneurs across Southern Europe and Latin America, has successfully secured commitments exceeding €70 million for its sixth fund, K3. This milestone was achieved in record time, reflecting the increasing confidence in Kfund amidst a challenging international financing landscape for technology projects.

The introduction of K3 allows Kfund to deepen its support for high-impact technological projects in Southern Europe. Building on the successes of its predecessors, K1 and K2, Kfund has a history of backing significant tech initiatives in Spain over the past eight years. The Kfund team has consistently identified and nurtured top Spanish founders, helping them grow from early-stage ideas and prototypes into high-growth companies and scaleups.

Since the launch of K1 in 2016, Kfund has evolved into a comprehensive family of funds, providing support at every stage of a startup’s lifecycle. Kfund offers a range of funding options from €100k to €10 million, making it uniquely positioned to support projects from pre-seed to Series A stages. This comprehensive support structure underscores Kfund’s commitment to fostering ambitious entrepreneurs and enabling their ventures to evolve into globally impactful multinationals.

Iñaki Arrola, General Partner of Kfund, highlighted the importance of the new fund: “The launch of K3 enables us to continue the journey we began in 2016. Our mission remains to provide the support we wished we had when we started our ventures to those aiming to create impactful companies. The swift market support for this fund is a testament to the trust Spain’s top entrepreneurs have placed in us over the past eight years. Our success is their success.”

Over the years, Kfund has co-invested with some of the most prestigious international funds, including Creandum, Atomico, a16z, Goldman Sachs, Softbank, CRV, and Bitkraft. These collaborations highlight the dynamic interaction between disruptive technologies and traditionally conservative sectors. The launch of K3 further supports the belief that significant opportunities lie in enhancing efficiencies and fostering new avenues for human-machine collaboration.

Kfund’s latest fund marks a pivotal step in supporting high-impact startups in Southern Europe. By providing tailored support and strategic investments, Kfund continues to play a crucial role in driving innovation and economic growth in the region. This ongoing commitment to technological advancement and entrepreneurial success ensures a promising future for the startups it supports.

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