Next Tier GVC Gaesco S.C.R. S.A. has received an investment of €9.5 million from SETT Spain (Sociedad Española para la Transformación Tecnológica), a public entity under the Ministry for Digital Transformation and Public Administration.

The public backing reinforces the management of Next Tier GVC Gaesco, a venture capital fund specialized in AI-driven technology startups, and strengthens its mission to support visionary founders where artificial intelligence is at the core of innovation and business.

As Patricia Pastor, General Partner at Next Tier GVC Gaesco, stated:
"The participation of a public investor of the relevance of SETT strengthens our fund, generating confidence in attracting investors and increasing our capacity to invest in new companies."

Paco Illueca, CEO of GVC Gaesco Alternative Investments, added:
"Having the trust of SETT is a milestone for our management company and a recognition of the potential of our venture capital fund."

Launched in December 2024, Next Tier GVC Gaesco aims to make 30 investments in B2B AI startups, focusing on technological transformation that improves the lives of people and industries. Through SETT—also known as ‘SEPI Digital’—the Spanish government has injected €9.5 million into the fund to support AI and technology startups.

The fund targets investment commitments of approximately €50 million, with a maximum of €60 million, and plans to complete between 30 and 35 transactions. According to the company, the goal remains to identify projects where technology has a tangible impact on improving both people’s lives and industrial processes, across Europe, the United States, and Latin America.

"To optimize investment returns, a rigorous selection of startups within the technology ecosystem is carried out, through active involvement and tailored divestment strategies," the company added.

Next Tier GVC Gaesco also emphasized that the support from ‘SEPI Digital’ acknowledges the potential of this venture capital vehicle to nurture selected startups from their early stages through to maturity.

"The participation of a public investor of the relevance of SETT not only represents significant growth for the vehicle but also provides a major boost for the development of technology companies that are set to transform our society, from how we work to how we communicate," highlighted Patricia Pastor, General Partner at Next Tier GVC Gaesco

Subscribe to Directory
Write an Article

Highlight

Axon moves into Cloud Technology

by Axon Partners Group

cloud technology axon

Suma Capital strengthens Gestcompost to ...

by Suma Capital

Since Suma Capital’s entry in 2020, Gestcompost has quadrupled its E...

Photos Stream