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The startup ecosystem in the Iberian Peninsula — the region encompass Spain and Portugal — has been on a coil the last mates of years . The value of Spanish startupssurpassed€100 billion in 2023 , according to Dealroom data , with speculation investment of € 2.2 billion across some 850 rounds . Meanwhile , Portugal has produce a slew of VC firms such as Shilling , Indico , Armilar , Bynd , and more .
Lisbon - based speculation firmFaberhas become the tardy to double down on the region — it late launched its third monetary fund , marking a first last of € 31 million ( about $ 33.9 million ) . The fund is anchored by the European Investment Fund ( EIF ) and has received major share from the NATO Innovation Fund and Portugal ’s Caixa Capital , as well as family offices . It ’s train to grow € 60 million ( about $ 64.2 million ) in sum .
The unexampled stock , style Faber Tech Fund III , will direct pre - source and come - stagecoach startup in cryptical tech , AI , robotics , and biotech across Southern Europe , and selectively across other European countries .
Alexandre Barbosa , managing partner at Faber , told TechCrunch that the new fund is meant to concentrate in particular on bass tech , AI / ML , and data - related engineering science . “ The first investiture are lined up in photonic chipping , analogue chip design , and synthetical biota , ” he said .
The firm ’s thesis , Barbosa state , is backed by the fact that scientific and proficient talent continues to flow toward Southern Europe , especially given that Portugal and Spain are among the top five terminus for commutation programs .
“ exert Europe ’s technological border is critical to see to it the region ’s security system and resiliency , ” Chris O’Connor , managing partner of the NATO Innovation Fund , said in a statement .
Faber’slast fund-raise about $ 24 million , and the business firm also has a “ blue ” fund , Faber Blue Pioneers , through which it empower in sea technologies . Its most notable portfolio companies admit Sword Health , Smartex , Mitiga , Luminate Medical , Unbabel , and MicroHarvest .
