Faber Launches Venture Funds: Insights on $34 Million First Close
Faber Launches New Venture Funds
Faber has successfully launched two new venture funds, with a first close of $34 million. The aspiration is to reach a total fund size of $64 million. This move signifies Faber's commitment to investing in the thriving startup scene in the Iberian Peninsula.
Startup Ecosystem in Spain and Portugal
The startup infrastructure has been on an upward trajectory, with Spanish startups surpassing €100 billion in value in 2023, bolstered by roughly €2.2 billion in venture investments across approximately 850 funding rounds. Portugal also continues to generate a vibrant startup landscape.
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