Bilbao, 3 July, 2009. Francisco Javier Vélez replaced Aitor Cobanera as Managing Director of risk capital management company Sociedad Gestión de Capital Riesgo del País Vasco (SGECR) on 25 June.
After the success of last year’s awards, ASCRI (the Spanish Venture Capital Association), Deloitte and the IESE Business School have organised the II Venture Capital & Private Equity Awards in the Iberian Peninsula this year. The prize-giving ceremony, presided by the journalist Olga Viza, took place on 21 May at a dinner given in the Hotel Ritz in Madrid, and once again brought together numerous representatives of the Venture Capital industry.
Xelectia was founded in 2002 as an innovative concept for organising traditional commerce, and it now has 25 associated establishments.Xelectia’s lines of business involve the development of state-of-the-art trading systems (electronic commerce, web outlets, etc.) and incorporation of new technologies (transactive displays, virtual changing rooms, etc.) to top-of-the-range traditional shops. Gestion de Capital Riesgo del País Vasco has acquired 20% of the company’s shares through its fund IED (Inversiones en Empresas Digitales)
Incide was created in 2000 to develop custom chips for electronic products adaptable to customer requirements.The company’s developments are applicable to any sector that uses electronic products, particularly analogue and mixed signal chips. Internationalisation is one the company’s characteristics, which exports all of its products to Central Europe and Asia. Gestión de Capital Riesgo del País Vasco has invested in the company via its Elkano XXI fund, aimed at technology projects.
Donostia-San Sebastian, 13.11.2008 – SEED GIPUZKOA, invests 3.1 million Euros in Guipúzcoa companies GMTK Multi-Process Machining S.A (1.5 million), IKOR METERING S.A (1.5 million), and TOTEM MT KOOP (175 thousand), to help develop their business. In addition, SEED GIPUZKOA has agreed to increase its capital to 3 million Euros. GMTK is a machine-tool sector company, dedicated to designing and manufacturing vertical and inclined bed multi-tasking machines,
