The meeting, organized by Wayra, also included Kibo Ventures, Encomenda, Inveready, Banc Sabadell, and Mundi Ventures
This meeting is designed to co-invest in startups in eHealth, IoT, Edtech, Cybersecurity, Data Analytics, Artificial Intelligence, Video, Virtual Reality, Augmented Reality, and 5G
Each startup is eligible for an investment of up to €2 million
Barcelona, May 28, 2020. – Wayra, the innovation hub Telefónica's open-source division has held its first virtual Co-Investment Day in Barcelona to invest up to two million euros in startups in eHealth, IoT, Edtech, Cybersecurity, Data Analytics, Artificial Intelligence, Video, Virtual Reality, Augmented Reality or 5G.
The Kibo Ventures, Encomenda, Inveready, Banc Sabadell and Mundi Ventures funds are They have joined Wayra Barcelona in this event with the aim of continuing to invest in the best startups in the entrepreneurial ecosystem.
Wayra has opted to hold this event, which already has three previous editions, in a new virtual format to continue supporting the entrepreneurial ecosystem despite the current health crisis. The entrepreneurs have presented their projects in pitch format to a jury composed of executives from Telefónica, Wayra, and investors from the funds. The selected startups, in addition to receiving investment, will be able to work with Telefónica and its customer network.
In this way, Wayra maintains its commitment to helping the entrepreneurial ecosystem, which was already reflected in the investments in Kymatio and Transparent Business in April and continues with this virtual Coinvestment Day. “Now more than ever, at Wayra we are true to our DNA and want to support the entrepreneurial ecosystem. The best thing we can do is continue investing in startups that bring innovative solutions to our society,” explained Marta Antúnez, director of Wayra Barcelona. She added: “The answers to major crises always lie in innovation. Today, more than ever, we need to continue promoting innovation and the startup world.”