In this episode, we catch up with Pablo Pedrejon, Partner at Seaya, a renowned VC firm that has recently closed the first Article 9 climate-tech fund based in Southern Europe “The Seaya Andromeda” at €300 million.
Through Seaya Andromeda, they aim to make 25 investments by the end of 2027, with around five additional deals anticipated this year. The fund will invest between €7 to €40 million per initial check while retaining capital for follow-on investments. Since raising its first fund in 2013, Seaya has expanded to manage over €650 million across five early-stage venture funds. The firm provides startups with a global platform, leveraging its extensive network of founders, investors, and multinational corporations, along with its experience in scaling companies such as Glovo, Cabify, Wallbox (NYSE: WBX), Spotahome, Clarity AI, Clicars, Alma, and RatedPower.
Pablo discusses the challenges and opportunities in climate tech investing. He explains the different types of climate tech companies and the tough path to market they face, emphasizing the importance of understanding the market and having a clear go-to-market strategy. Pablo also highlights the key traits of successful founders, such as ambition, humility, the ability to pivot, and much more.
Video version of episode 81:
Audio version of episode 81:
Key Takeaways:
- Develop a deep understanding of your target market and craft a clear go-to-market strategy to ensure your product’s success.
- Cultivate ambition, humility, and the ability to pivot quickly in response to market changes or challenges.
- Utilize investor guidance during critical decision-making and expansion phases to accelerate growth.
- Capitalize on emerging trends like home electrification and industrial digitalization to stay ahead in climate tech.
- Build resilience and efficiency into your solutions to effectively combat climate change and create lasting impact.
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