Active Capital Partners (ACP), the Barcelona venture firm, has announced a first closing of €11 million ($13.5 million) for its debut fund, Molins Capital Inversion. The fund, which was launched in December 2003, has a target size of €20 million.
The fund is backed by a Catalan family, which is the anchor investor, as well as Madrid-based high net worth investors and family offices.
In a statement ACP said it would invest at an early stage in a range of sectors, with a focus on innovative concepts secured by proprietary technology or intellectual property. While the main geographic focus is Spain, the fund will invest in the rest of Europe “on an opportunistic basis”.
ACP will look to acquire stakes of between five percent and 49 percent, investing up to €1 million per investment round. It would normally take the role of lead investor, but “often favours” syndication with other venture capital firms.
Molins Capital Inversion has already completed two investments: Agua Nafree, a company preparing specially prepared water for baby food, and Vinus & Brindis, a wine and liquor retail chain.
ACP was founded in 2002 by four entrepreneurs and founding partners: Joaquin Molins Gil; Christopher Pommerening; Philipp Schroeder; and Ricard Soderberg.