EA Group and Plug and Play Tech Center launch a €20 million venture fund in Madrid

The new fund will make investments ranging from €200,000 to €500,000 in early-stage technology startups with access to the global Plug and Play ecosystem.

EA Ventures, the venture capital division of EA Group Holding, which has been successfully operating in the Kazakhstan market, has announced a strategic partnership with Plug and Play Tech Center, a global innovation platform with more than 200 investments annually and over 30 unicorn companies in its portfolio, to launch the new EA Ventures Plug and Play EMEA Fund in Spain. The €20 million fund will focus on investing in promising early-stage technology startups.

The new fund, established as part of a long-term partnership between EA Group and Plug and Play, will invest in startups at the Pre-seed to Pre-Series A stages with checks ranging from €200,000 to €500,000. Key investment areas will include FinTech, artificial intelligence, mobility, sustainability, e-commerce, and corporate technology solutions, with a particular emphasis on cloud solutions for B2B and B2C. The fund plans to support 30-35 promising technology companies.

The fund already has access to Plug and Play's existing startup pipeline, ensuring an immediate start to its investment activities. The geographic focus includes Spanish startups with international potential, including Spanish founders abroad and foreign entrepreneurs based in Spain. Additionally, the fund is open to considering projects from Kazakhstani technology entrepreneurs planning to expand into the European market.

The fund's term will be 10 years, with the possibility of extension for two additional years. The partnership between EA Group and Plug and Play involves long-term cooperation, including potential expansion into direct investment areas and the development of synergies between portfolio companies.