The Spanish venture capital company Kfund reported that it managed to raise $75 million in investment funds.
The mentioned financing will be directed to the implementation of technological projects. On Monday, June 17, the company announced the establishment of a new fund. According to information released by the firm, the mentioned fund will support founders in Europe who interact with the foundational technologies, defined as data plays, platform layers, and artificial intelligence.
The company announced that, together with K3 and subject to a target investment of 70 million euros, it will continue to invest in Southern Europe. In this case, the firm aims to help the founders form a platform for future growth. Kfund will use its experience. It is worth noting that the company has experience in carrying out activities both in the status of founders and in the status of executives of technology brands. For firms at an early stage of existence, this kind of support is likely to be very useful.
Kfund notes that against the background of market maturing, successful companies are more often focused on B2B, rather than on the consumer. In this context, it was also underlined that between 2012 and 2017, only 28% of startups valued more than $1 billion, also called unicorns, in Germany, France, and the United Kingdom enabled B2B technologies. At the same time, over the next five-year period, the mentioned indicator increased to 60%.
Kfund announced the investment at a time when news began to spread very actively in the information space that financing for the European technology sector was beginning to show signs of recovery after a period of prolonged downturn.
Private technology investor Creandum, which provides financial support to Klarna and Spotify, has unveiled a $544 million fund. Creandum’s fund came together in record time.
Last year, the volume of investments in the technology sector in Europe significantly decreased. In its annual report on the condition of the mentioned sector, UK venture capital firm Atomico reported that the total amount of funds raised by European technology startups is likely to reach about $45 billion in 2023. It is worth noting that in 2022 this figure was equal to 82 $billion.
Currently, artificial intelligence is used by many venture capital companies as a digital assistant. AI helps the mentioned firms make investment decisions, and quickly analyze huge amounts of data about startups and market tendencies.
Steve Brotman, the founder and managing partner of growth equity company Alpha Partners, says that the usefulness of artificial intelligence in venture capital is to augment people’s capabilities. AI accurately determines the real possibilities, without being inclined to a somewhat dreamy perception of prospects, which has significant differences from the objective state of affairs. He also noted that artificial intelligence analyzes market trends, startup performance metrics, and other important data related to scale and speed that’s simply unattainable for a team of human analysts alone. According to him, the practice of using machine intelligence significantly expands the possibilities for making informed strategic decisions and provides a deep insight into potential investments.
As we have reported earlier, Aim Security Raises $18 Million.
