RED Capital Partners, a new venture capital firm with offices in Madrid and Tel Aviv, has announced the launch of RED Ventures Fund I.
With a target size of €50 million, it will invest exclusively in high-growth tech companies founded or co-founded by women.
RED Ventures Fund I channels the exchange of technology between Israeli and European companies and opens opportunities for Israeli companies to enter the European market.
“There exists an enormous opportunity to invest in women-founded companies, who historically have received less venture capital funding despite leading projects that generate higher returns and with lower failure rates,” said Ramírez.
“Some VC firms with a gender lens focus have been launched in the USA, but RED Capital Partners is the first VC backing this strategy at the European and Israeli level.”
The fund also invests in European technology companies, with a particular focus on Spain, looking to expand internationally, or to access Israeli innovative technology.
RED assumes the role of lead, co-lead or sole investor in all investment rounds writing equity tickets of up to €10 million from RED Ventures Fund I, plus the possibility of channeling additional capital with co-investments from its LPs. The fund will back up to 10 portfolio companies.
RED has developed a thorough investment thesis focusing on opportunities in sectors that are undergoing a deep transformation cycle.
These will have a particular focus on areas where Israeli companies are world leaders and in which RED can add significant value, such as agritech, foodtech, artificial intelligence, cyber technology and health.
One of the distinctive features of RED is its ‘company builder’ approach, as the VC firm dedicates resources and implements a hands-on strategy to develop its portfolio companies into global leaders.
That’s why RED will occupy a seat on the board of each one of its portfolio companies to work closely with the existing team on business model definition, product-market fit and more, while looking for potential customers and partners in Europe, United States, Latin America and Asia.
This pioneer venture capital firm is led by RED Capital Partners founder and managing partner Luz Ramírez, who has 15 years of experience in the European and Israeli venture capital scene
RED has local presence and market-leading networks in Europe and Israel as well as a network in the Latin American market, providing a strong support for its portfolio companies’ ambitious internationalisation plans.
The GP has been authorized by the Spanish Securities Market Commission. King & Wood Mallesons acted as a legal advisor.