Madrid-based VC firm K Fund announces the first close of its new investment vehicle, Leadwind. Fund will invest in early growth-stage startups in southern Europe and Latin America. Leadwind will write cheques starting at €5m, investing in companies with a €40m valuation or higher. Fund marks a change in focus for K Fund’s first two funds, looking to back B2B startups with a deeptech component. “I wouldn’t invest in companies building a blockchain, but in companies that can use the blockchain as a service, that can be applied to lots of different business models,” says Miguel Arias. Arias: “The thesis is different. Here we’re looking more at internet of things, AI, data and blockchain, as platforms . . .
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