Wayra is betting on video games: it's organizing a meeting with 14 funds to co-invest up to €2M per startup

• Telefónica's innovation hub is focusing on co-investment in projects that can revolutionize the video game and eSports industry at the fifth edition of its Coinvestment Day.
• The event, organized by Wayra, also included 14 funds: The Venture City, Drapper B1, Bitkraft, Kibo Ventures, Initial Capital, JME, Startupxplore, Grupo Godó, Grupo Planeta, Encomenda, Kfund, La Caixa, Bstartup de Sabadell, and Bankinter.

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Madrid, February 26, 2021.–

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With this new Coinvestment Day, Wayra continues its objective of supporting the ecosystem and promoting investment in 2021. “If you want to find ambitious, cutting-edge, and brilliant startups, you should definitely look to the video game sector,” stated Paloma Castellano, director of Wayra Madrid. “The possibilities are endless, its growth is unstoppable, and in Spain we have the best entrepreneurs in this sector. We are eager to see how far they can go.”

About Wayra

Wayra is the entrepreneurship initiative that is part of Telefónica's Open Innovation program, the most global, technological, and connected in the world. It has seven Wayra Hubs, spaces in nine countries in Latin America and Europe through which it invests in and supports startups; Wayra X, a digital hub for investing in 100% digital startups; Wayra Builder, a corporate venture builder for creating innovative startups from Telefónica's internal technology projects alongside other investors; and Wayra Next Trend, a window into digital innovation, showcasing trends and groundbreaking applications. Furthermore, through the Wayra Activation Programme, it offers entrepreneurs exclusive and free access to new technologies via Telefónica's own platforms. More than 500 of the startups in which Telefónica has invested are part of its Open Innovation program, and more than 130 are doing business with the company.

More information available at www.wayra.com.

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