The Private Equity manager owned by Fundación Artizarra has so far invested in three companies (Envaplaster, Eper Metallic Solutions and Tecminoem) through its Private Equity vehicles. For another four (Plastic Repair System, Ojer Pharma, Almotech and Darwin Biomedical) it has opted for the Venture Capital approach. Following these operations, the president of the Artizarra Foundation, Jon Ander de las Casas, confirmed his organisation’s interest in participating in projects and business ideas “with high growth potential”.
In this sense, Jon Ander de las Casas said that they already have 150 million euros under management and that their aim is to reach 200 million at the beginning of 2024 to be distributed between Navarre and the Basque Country. He also informed that their aid goes beyond mere financial support: “We have created a meeting place where we can develop strategic thinking to generate wealth and well-being in the region”.
He also said that “a society without companies or decision-making centres cannot prosper”, which is why he called for “a favourable ecosystem” for the growth and development of companies. “In short, we want companies with roots, with a decision-making centre in Navarre and linked to their environment”, he said.
Following the same argument, the Regional Minister for Industry, Ecological Transition and Digital Business, Mikel Irujo, stated that “the growth and rootedness of companies is due to the need to have a digitised productive fabric that is moving towards climate neutrality”.
Irujo also highlighted “the relationship of trust and success that is embodied in the participation of the public company Sodena in three of Stellum’s four investment vehicles”. This commitment in Stellum Growth I, Easo Ventures II and Stellum Food & Tech “amounts to 22.4 million euros of investment in five companies in Navarre, which represent a total employment of 312 people”.
Source: Navarra Capital