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.

ABOUT THE AUTHOR
Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

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