Accelerators Investments

SeedRocket’s mentors launch Toubkal Partners, an independent investment vehicle with €500,000 in hand

Written by Jaime Novoa

Eight SeedRocket mentors launch Toubkal Partners, an independent investment vehicle with close ties to the Spanish startup accelerator.

seedrocket_toubkal

Eight mentors associated to Spanish startup accelerator SeedRocket got together last year to launch Toubkal Partners, a new investment vehicle that has been now unveiled and that plans to invest up to €500,000 over the next three years.

Although Toubkal is independent of SeedRocket -which does not have a fund associated to itself and doesn’t invest directly in the startups that go through its program- its ties to SeedRocket are perfectly clear, starting with its members.

  • David Baratech – Ulabox & Trovit
  • Enrique Dominguez – Restalo & ParkingDoor
  • Marcos Ferran
  • Marek Fodor – Atrapalo & Kantox
  • Sacha Fuentes – Offerum
  • Juan Margenat – Smartbox & Marfeel
  • Jesús Monleon – SeedRocket & Offerum
  • Raúl Puente – Trovit

“We are all from SeedRocket but there’s not an institutional relationship with the accelerator”, Kantox’s chairman Marek Fodor told us in a phone conversation. “The projects that we back don’t necessarily have to come from SeedRocket”.

Since last year Toubkal has invested in Novicap, TheThings.IO, Endado (all from SeedRocket), Iristrace (Plug and Play Spain) and QaShops. A mix of industries (fintech, ecommerce, IoT) that according to Fodor clearly defines the fund’s investment strategy.

“We want to find a good balance between hot sectors and others that are more traditional, have a clearer path towards monetisation and, in theory, are less risky”, says Fodor.

In a statement, Juan Margenat (co-founder and CEO of Marfeel) says that one of the defining characteristics of Toubkal is how quickly investment decisions will be made and the hands-on approach of the backers. “We will never invest in startups where we can’t add value”, he says.

All eight mentors combine for more than 70 investments in companies like Trovit (acquired by NEXT Co.), Ducksboard (acquired by New Relic) or Glamourum. It should be noted that SeedRocket also has strong ties with other notable business angels and Venture Capital firms like François Derbaix, Luis Cabiedes (Cabiedes & Partners), Iñaki Arrola (Vitamina K) or Carlos Blanco.

About the author

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.

4 Comments

  • It would be interesting to know if they plan to extend the fund with the savings from former entrepreneurs eager to invest collectively. I could not find their website yet. Hope they have a “contact” section soon 🙂