King & Wood Mallesons (KWM) advised venture capital fund Seaya Ventures on the structuring and closing of its second fund, Seaya II, which has investment commitments totalling more than €100 million.
Seaya II will invest in technology companies based in Spain and Latin America. The fund will invest up to €15 million in each company.
Seaya II has already made five investments to date – Glovo, Yogome, The Hotels Network, Coverfy and Clicars – and plans to close at least two more in the next few months.
Seaya now manages €160 million via its two active funds.
The companies in Seaya’s portfolio have an aggregate value of around €2 billion and have raised more than €600 million in capital.
The KWM team advising Seaya was led by partner Isabel Rodríguez (pictured), and included senior associate Ildefonso Alier and associate María de Orueta.