King & Wood Mallesons (KWM) advises Arcano Capital on the structuring of its first venture fund, Arcano Ventures, with a target size of USD 200 million. For this project Arcano joins forces with the US investment firm Urizen.
Arcano Ventures is aimed at the investment in IT companies with a high potential growth and, especially, companies focused on new technologies such as big data and artificial intelligence based in Silicon Valley (US), where most of these companies are located.
Isabel Rodríguez, head of Funds at King & Wood Mallesons – Madrid, is coordinating the advice to Arcano Capital. For Isabel “this is great momentum for the Spanish venture capital sector. During the last few months we have seen the great appetite of international investors in the Spanish market, but now, with this alliance between Arcano and Urizen, there is a consolidation of the international positioning of the Spanish venture funds”.
Arcano Capital is one of the leading private equity firms in Spain, with more than EUR 3,500 million of assets under management.
Urizen Ventures is an investment firm led by Adeyemi Ajao, co-founder of Tuenti, Cabify and Identified; and TJ Nahigian, founder of Jobr and investor in Accel Partners, Summit Partners and Coatue.
About King & Wood Mallesons (www.kwm.com)
Recognised as one of the world’s most innovative law firms, King & Wood Mallesons offers a different perspective to commercial thinking and the client experience. With access to a global platform, a team of over 2,000 lawyers in 27 locations around the world, works with clients to help them understand local challenges, navigate through regional complexity, and to find commercial solutions that deliver a competitive advantage for our clients.
The Madrid office of King & Wood Mallesons, with a track record of more than 15 years, has become a legal reference for investment funds. We offer a multidisciplinary team of lawyers with a deep knowledge of the private equity market. This allows us to tackle the different matters and projects from all its legal angles (Regulatory, Commercial, Corporate, Competition, Tax, Employment, Litigation and Finance).
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