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K Fund has another €70M to back early-stage Spanish startups and is launching a pre-seed program

K Fund is officially outing its fund II today, which sits at €70 million, up from €50 million the first time around.
The remit remains the same, however: targeting Spanish startups with an international outlook, the seed-stage firm plans to invest from €200,000 to €2 million, writing first checks in 25-30 companies. A portion of the fund will also be set aside for follow-on funding for the most promising of its portfolio.
“We’re business model and sector agnostic, and we currently have a healthy mix of B2B and B2C companies across a wide variety of sectors, including travel, fintech, insurtech and others,” says K Fund .
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