Spanish investment platform Seaya has announced the launch of Seaya Nova, its new growth venture capital fund, after securing €600 million at its first close in just six months. Backed by the European Investment Fund (EIF) through the European Tech Champions Initiative (ETCI), alongside institutional investors, corporations, and family offices, the fund is targeting approximately €1 billion. Seaya Nova will invest €20 million to €50 million per company, supporting European technology businesses seeking to scale internationally.
Addressing Europe's Growth Stage Funding Gap
Europe continues to face challenges in financing promising technology companies as they progress beyond early-stage investment and seek to compete globally. Seaya Nova aims to address this gap by leading or co-leading Series B to D funding rounds in European technology companies with proven business models, sustainable economics, and international ambitions. The fund's growth-stage strategy reflects increasing demand for larger investments, particularly as artificial intelligence accelerates technology development and competition across industries.
EIF Anchor Role and ETCI Momentum
The European Investment Fund is an anchor investor in Seaya's growth strategy through the ETCI, which supports the development of large European technology investment funds. In February 2026, the EIF announced a €300 million commitment to Seaya Growth Tech Fund I, a vehicle targeting €1 billion, while Seaya Nova's October announcement confirmed a €600 million first close backed by the EIF and other investors. This fundraising milestone follows other ETCI-supported investments, including Kembara's €750 million first close for its European deep-tech growth fund.
A Fund-of-Funds Model
The ETCI operates as a fund-of-funds initiative managed by the EIF within the European Investment Bank Group, channeling capital into investment funds that finance European technology scale-ups. By supporting larger venture capital and growth investment vehicles, the initiative seeks to address Europe's shortage of later-stage financing and help promising companies expand without relying exclusively on international capital. Seaya Nova's €600 million first close illustrates how this approach can mobilize public and private investment toward European technology businesses.
Spanish Companies Already Benefiting
ETCI-backed funds have supported European technology companies across sectors including artificial intelligence, cybersecurity, fintech, biotechnology, and healthcare. In Spain, the initiative has contributed to financing growth-stage companies such as Factorial, Inke, TravelPerk, and Fever Labs, while supporting major investment vehicles including Kembara and Seaya. The latest Seaya fundraising follows Kembara's €750 million first close and reflects broader efforts to expand the availability of growth capital for European technology businesses.
A Multi-Stage Investment Platform
Founded in Madrid in 2013 by Beatriz González, Seaya operates three complementary investment strategies: Seaya Ventures for early-stage companies, Seaya Andromeda for sustainability-focused investments, and Seaya Nova for growth-stage technology businesses. Seaya Nova is led by González and Vinoth Jayakumar, who joins as Managing Partner after more than a decade of European growth investing, including backing Revolut, Wise, Thought Machine, and ICEYE. His appointment coincides with Seaya's expansion into London, strengthening its presence beyond Madrid and supporting its ambition to help European technology companies become global market leaders.
Preparing ETCI 2.0
The European Investment Bank Group is developing ETCI 2.0 under its broader TechEU financing strategy to strengthen Europe's technology investment ecosystem. In December 2025, the EIB and EIF boards committed a combined €1.25 billion of their own resources to the initiative, which is designed to attract additional contributions from national governments and private institutional investors. Seaya Nova's €600 million first close demonstrates the role of ETCI-backed investment vehicles in mobilizing larger pools of growth capital for European technology companies.
Seaya Nova's €600 million first close in just six months marks a significant expansion of the Spanish investment platform's growth-stage investment capabilities. With backing from the EIF and private investors, the fund plans to deploy €20 million to €50 million per company across Series B to D rounds, while its new London presence strengthens Seaya's reach across European technology markets. The launch positions Seaya to support companies from early development through international expansion, contributing to broader efforts to retain and scale European technology leaders.