International funds investment in Spain decreases by 51.6%
International funds’ investment in Spain has been reduced by 51.6% to €321.6m in H1 2016, according to data from the Spanish Association of Capital, Growth and Investment (Ascri, in Spanish).
Meanwhile, local funds have increased their investment to €442m in the first half of the year, which is 17% up year-on-year.
The lack of deals over €100m was one of the main drivers for the decrease in private investment, which stands at €764.8m spread over 303 operations from January through June 2016.
Venture capital investment reached €266.7m and 265 deals, of which local funds invested €97m in 241 deals and international funds €169.6m in 15 deals.
According to Ascri, 98% of the deals invested less than €5m in equity, mostly in Spanish start-ups.