Key Takeaways
- • Madrid-based Seaya has launched Seaya Nova, a growth fund that raised €600 million at first close in about six months, according to HedgeCo.Net.
- • The fund is anchored by the European Investment Fund under the European Tech Champions Initiative, alongside other institutional investors, corporates and family offices.
- • Seaya Nova will write €20 million to €50 million checks, leading or co-leading Series B to D rounds in European technology companies.
- • The fund is led by founder Beatriz González and managing partner Vinoth Jayakumar, formerly of growth investments in Revolut, Wise, Thought Machine and ICEYE.
- • The launch completes Seaya's three-strategy platform and adds a London office to its Madrid headquarters.
Summary
Madrid-based investment firm Seaya has launched Seaya Nova, a new growth fund that raised €600 million at first close in about six months, according to HedgeCo.Net. The European Investment Fund (EIF) backs the vehicle under the European Tech Champions Initiative, the EIB Group program designed to address the funding gap facing Europe's growth-stage technology companies. Other institutional investors, corporates and family offices also participated in the first close.
Seaya Nova will invest €20 million to €50 million per company, leading or co-leading Series B to D rounds in European technology businesses with proven models, durable economics and global ambitions. The fund is led by Seaya founder Beatriz González and Vinoth Jayakumar, who joins as managing partner after more than a decade of European growth investing that included backing Revolut, Wise, Thought Machine and ICEYE.
The launch gives Seaya three strategies: Seaya Ventures at the early stage, Seaya Andromeda in sustainability, and Seaya Nova in growth. Founded in 2013, the firm previously raised €300 million for the final close of Seaya Andromeda in 2024. Seaya is also opening a London office to complement its Madrid headquarters.
Jayakumar framed the fund around the scaling problem in European tech, arguing that Europe now produces companies capable of leading their categories globally and that AI is compressing the path from product-market fit to category leadership. In his view, winning companies need larger amounts of capital earlier.
The raise adds to a run of growth-stage fundraising in Europe this year. According to EU-Startups, closes and raises by Kembara, Molten Ventures, Mouro Capital, 2150 and SlateVC, among others, total about €2.31 billion including Seaya Nova. The recurring presence of the EIF as an anchor investor highlights the role of public capital in helping Europe keep later-stage rounds from depending on U.S. investors.
Seaya Nova will invest €20 million to €50 million per company, leading or co-leading Series B to D rounds in European technology businesses with proven models, durable economics and global ambitions. The fund is led by Seaya founder Beatriz González and Vinoth Jayakumar, who joins as managing partner after more than a decade of European growth investing that included backing Revolut, Wise, Thought Machine and ICEYE.
The launch gives Seaya three strategies: Seaya Ventures at the early stage, Seaya Andromeda in sustainability, and Seaya Nova in growth. Founded in 2013, the firm previously raised €300 million for the final close of Seaya Andromeda in 2024. Seaya is also opening a London office to complement its Madrid headquarters.
Jayakumar framed the fund around the scaling problem in European tech, arguing that Europe now produces companies capable of leading their categories globally and that AI is compressing the path from product-market fit to category leadership. In his view, winning companies need larger amounts of capital earlier.
The raise adds to a run of growth-stage fundraising in Europe this year. According to EU-Startups, closes and raises by Kembara, Molten Ventures, Mouro Capital, 2150 and SlateVC, among others, total about €2.31 billion including Seaya Nova. The recurring presence of the EIF as an anchor investor highlights the role of public capital in helping Europe keep later-stage rounds from depending on U.S. investors.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.