Inveready has closed an investment of up to €2 million in Syniva, an e-commerce platform founded in the Canary Islands that allows local consumers to shop at any online store in the world. With a catalogue of more than 15,000 international brands and retailers, Syniva overcomes the fiscal and logistical barriers that have traditionally limited e-commerce in the region, revolutionizing the shopping experience.
The investment will be made through Inveready’s fourth Venture Debt vehicle, a leading fund in alternative financing through debt for high-growth companies. This instrument, designed to minimize founder dilution, is complemented by Trainera, Banco Santander’s investment vehicle managed by Inveready, with a combined size of €100 million. The financing benefits from the support of the European Union through the InvestEU Fund.
With this capital injection, Syniva embarks on a new growth phase with the goal of consolidating its position as the leading e-commerce solution in the Canary Islands. The company expects to reach break-even by the end of 2025, exceed 200,000 users, and triple sales over the next three years.
“Our mission is to eliminate the barriers that have long isolated Canary Islands consumers from global digital commerce. With Inveready’s backing, we are accelerating our expansion and reinforcing our commitment to a fairer, faster, and more connected e-commerce,” said Fernando Del Rio, CEO of Syniva.
For their part, Inveready highlighted that the investment reflects a strategic commitment to technology-based projects with high scalability potential.
“Syniva has developed a differentiated value proposition in a market with major logistical and fiscal inefficiencies. Its solution provides tangible value both for consumers and for sellers,” stated Gerardo Redondo, Senior Director at Inveready.
Through this transaction, Syniva strengthens its position as one of the emerging leaders of the Canary Islands’ digital ecosystem, contributing to the region’s economic dynamism and improving the competitiveness of its business network.
Syniva (Elivapativa S.L.) is an e-commerce platform based in the Canary Islands that connects local consumers with thousands of global brands and sellers. Its model integrates fiscal and logistics management to facilitate online purchases from the archipelago, eliminating customs barriers and optimizing the user experience.
Inveready is a leading financial services firm specialized in alternative assets, wealth management, and traditional investment funds. Founded in 2008 as a venture capital fund, Inveready has evolved into one of the most active investment firms in the small and medium-sized enterprise segment in Spain, currently managing over €2.4 billion.
The financial group organizes its services into three main business lines:
With 60 employees, Inveready is headquartered in San Sebastián, with offices in Barcelona and Madrid. The firm has been recognized as “Best Venture Capital Firm” by SpainCap in 2017 and “Best European Venture Debt Fund” by Preqin in 2023, among other awards.
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