Seaya Closes €300M Climate Tech Fund Andromeda

Seaya Closes €300M Climate Tech Fund Andromeda

Luisa García
2 min read

Seaya Raises €300 Million for Climate Tech Fund

Madrid-based venture capital firm Seaya has successfully closed its latest climate tech fund, Seaya Andromeda, at €300 million. This accomplishment has significantly increased their total assets under management to €650 million, solidifying their position as the largest venture firm in Spain. Founded in 2013 by Beatriz González, Seaya has a track record of successful investments in companies such as Glovo, Wallbox, and Cabify.

Key Takeaways

  • Seaya's latest climate tech fund, Andromeda, raised €300 million, totaling €650 million in assets under management.
  • The fund targets investments of €7 million to €40 million in companies focused on reducing waste or greenhouse gas emissions.
  • Seaya focuses on energy transition, zero emissions mobility, and circular economy solutions.
  • Southern Europe, with its abundant sunlight, is poised for renewable energy growth and efficiency improvements in automotive and real estate sectors.
  • Seaya Andromeda's limited partners include Iberdrola, Santander, BNP Paribas, and state-backed funds from Spain and France.


Seaya's latest fundraising success substantiates Spain's growing prominence in the venture capital landscape, influencing entities such as Iberdrola and Santander. Moreover, the focus on Southern Europe's renewable energy potential, supported by Seaya's investments, stands to reshape the regional tech sector. In the short term, the fund's aggressive investment approach fosters innovation, while in the long term, it positions Spain as a hub for climate tech, attracting international investment and talent.

Did You Know?

  • Circular Economy: The circular economy aims to eliminate waste and promote the continual use of resources by designing out waste, keeping products and materials in use, and regenerating natural systems. In contrast to the linear economy's 'take, make, dispose' model, the circular economy emphasizes strategies like recycling, refurbishing, and reusing products and materials to minimize environmental impact and maximize resource efficiency.
  • Zero Emissions Mobility: This concept refers to transportation methods and technologies that produce no tailpipe emissions, with a focus on electric vehicles (EVs) and hydrogen fuel cell vehicles. It also encompasses infrastructure development such as charging stations and battery technology advancements. Through investments in zero emissions mobility, Seaya Andromeda aims to facilitate the transition from fossil fuel-based transportation to cleaner, more sustainable options, thereby reducing greenhouse gas emissions and contributing to climate change mitigation.
  • Energy Transition: Energy transition involves shifting from fossil fuels to renewable energy sources, aiming to reduce carbon emissions and combat climate change. This transition encompasses the development and scaling of renewable energy technologies, as well as improvements in energy storage and distribution systems. Seaya Andromeda's focus on energy transition reflects a strategic investment in companies driving this shift, with the goal of accelerating the adoption of cleaner energy solutions and contributing to global sustainability goals.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings