STRATEGIC ALLIANCE FOR VENTURE CAPITAL ACTIVITY

• The National Securities Market Commission (CNMV) has given the green light to set up the new fund Next Tier GVC Gaesco S.C.R.S.A.
• GVC Gaesco brings soundness and expertise over 50 years in asset management.
• The company Next Tier Ventures, with a long track record on technology investments, will contribute to revitalize the venture capital activity,
• The first fund of the new venture capital vehicle intends to accomplish over thirty operations in companies throughout Europe, the United States and Latin America.

December 2, 2024 – The financial group GVC Gaesco and the venture capital firm Next Tier Ventures have teamed up to boost a line of venture capital funds aimed at investing in technology startups.

The first fund of this line, which has just received the approval of the CNMV, it will invest up to 50 million euros in startups linked to Artificial Intelligence (AI) and will support the selected companies from their start to mature stage. To that end, a fundraising process will be carried out in the coming months, basically targeted to family offices and Spanish and international private investors.   

This first fund, with corporate name Next Tier GVC Gaesco S.C.R. S.A., is meant to achieve around 30-35 operations in B2B startups of Artificial Intelligence. The objective is to identify those projects where the technology impacts to help improve the lives of people and our industries. Opportunities will be sought, in terms of geographical scope, in Europe, the USA and Latin America, to optimise investment returns by means of rigorous selection, active involvement and tailored divestment strategies.

GVC Gaesco currently carries out its venture capital activity through Zamit I (multi-sector), Zamit Energy (centred in consolidated and growth potential industrial companies in Spain) and Itucap (venture capital investment in the early stages of development). “Our partnership with Next Tier Ventures stands for a further step in GVC Gaesco’s commitment to venture capital, thereby completing our range of investment products and meeting the growing demands from our customers,” explains Paco Illueca, investment director of GVC Gaesco. “The birth of this first AI-focused investment fund is only the very first of many to be released as a result of our collaboration with Next Tier Ventures”, he declares.

The new investment vehicle is led by Patricia Pastor and Ruben Colomer, co-founders of Next Tier Ventures, a venture capital company specialized in investing in artificial intelligence and B2B software companies. “Our goal is to create the longest Artificial Intelligence funds line from Spain. This technology will change our work styles and communication towards a faster and better world. Countries that invest in AI will become more competitive and grow faster,” states Patricia Pastor, general partner at Next Tier Fund.

About GVC Gaesco:

GVC Gaesco is an independent financial group with over 50 years of history, specialised in Wealth Management (Investment Funds, SICAVs, Venture capital companies, Pension Funds, Portfolio Management and Advisory), Securities Brokerage, Analysis and Corporate Finance & Capital Markets.

GVC Gaesco is a member of the Barcelona and Madrid Stock Exchanges. Clearing member and custodian of MEFF and AIAF. Member and Registered Advisor of BME Growth, MARF and BME Scaleup. Member and Founding Partner of European Securities Network, LLP (ESN), a European network of research companies. Member of Global Alliance Partners (GAP), an international network of regulated financial services companies.

About Next Tier Ventures:

Next Tier Ventures, led by Patricia Pastor and Ruben Colomer, is a venture capital firm specialised in investing in artificial intelligence startups with a focus strategy on value creation in the technology and business sectors. Their broad professional career has enhanced Next Tier’s international network and counts in the present with senior executives from tech giants and successful entrepreneurs, who make up an exclusive board of experts in artificial intelligence.

Bringing extensive experience in the Venture Capital field, Pastor has managed a portfolio of over $100 million in investment funds and has supported numerous founders and startups in their growth and scaling. She is also an ambassador for Weinvest in Spain-an international network of women investors in Latam USA and Spain, with 320 women investors; founder of Acelera Miami, a soft-landing programme for startups in the Americas; founding member of Startup Valencia, the main local startup association; and Chairwoman and promoter of Valencia Digital Summit.

Colomer was co-founder of Plug and Play in Spain, the subsidiary of the Silicon Valley venture capital company, where invested in more than 70 early-stage startups. He has also held as Investment Manager at GoHub Ventures.

Optimising returns on investment by means of rigorous selection, active involvement and tailored divestment strategies is the core issue for the company. Through this partnership with GVC Gaesco, the company turns into the sector leader.