Investments

Secondary market for Spanish startups Bewa7er closes its first deal

bewa7er square
Avatar
Written by Jaime Novoa

Co-founded by serial entrepreneur François Derbaix and Unai Asenjo, Bewa7er is the first secondary market for Spanish startups and investors. The company recently announced its first deal, involving well-known Spanish investors and Zacatrus.

bewa7er secondary market

Bewa7er is the first secondary market for Spanish startups. Launched in June by investors Unai Asenjo and François Derbaix (Toprural, Rentalia), it aims to provide transparency and also much-needed liquidity in a market that has been traditionally opaque.

The firm buys shares in private companies, separating their legal and economic rights, and then offers the latter to investors interested in participating in the companies chosen by Bewa7er via joint account contracts.

Bewa7er has just closed its first deal, which involves the startup Zacatrus and three well known investors in Spain: Cabiedes & Partners and business angels Yago Arbeloa and Marek Fodor. Bewa7er acquired 10.56% of the company for €53,816, valuing the company at €509,000. As aforementioned, these three investors now own the economic rights associated with the shares acquired by Bewa7er.

About the author

Avatar

Jaime Novoa

Jaime Novoa is the Founder of Novobrief.

He is a technology writer turned investor at Madrid's K Fund. He was also a data analyst at Tech.eu.