South Summit Fund is a venture capital fund founded by South Summit along with Red Capital Partners to demonstrate their support to the entrepreneurial ecosystem, creating a fund that will invest 6 million euros per year among the hundred finalist startups of South Summit 2019, representing the highest amount of capital committed to the entrepreneurial ecosystem in a competition of this type anywhere in the world.
The fund will make an investment of 3 million euros and two investments of 1 million each in three startups chosen from the annual competition. The fund will focus on scale ups, which will imply a greater capacity to attract resources and greater interest for investors and corporations.
On the other hand, the ten annual winners of each thematic vertical will receive an investment of 100,000 euros from the fund.
South Summit Fund has been created by South Summit together with Red Capital Partners, a GP with offices in Madrid and Tel Aviv (Israel). The GP will be responsible for managing the fund and analyzing and investing in the startups selected from the Startup Competition. Meanwhile, South Summit will focus on obtaining the best dealflow in all innovative sectors, attracting the best talent and the best startups in the ecosystem globally.
South Summit is the global platform of Open Innovation, which connects startups, corporations and investor with a focus on business opportunities.
South Summit selected startups have a 94% survival rate.
Red Capital Partners is a venture capital firm with offices in Madrid and Tel Aviv, investing in high growth innovative companies.
6 Million Euros of annual investment over 5 years.