SODENA

SODENA is a governmental funding agency for the government of Navarre for developing business in the region that is headquartered in Pamplona, Spain and was founded in 1984. The firm operates as a limited company that has the government of Navarra as its main shareholder.

As of December 2019, SODENA has made 46 investments, lead 11 investments, and made 4 exits. Notable investments made by SODENA include: NabraWind Technologies, Sendaviva, Davalor Salud, Technidrone, Valiryo, Multihelpers, Eversens, Nubapp, BlackBinder, Velites, 3P Biopharmaceuticals, S21sec, iSOCO, and Ecoenergía Sistemas Alternativos.

SODENA provides up to a €100,000 maximum investment in seed stage companies with an average investment of €50,000 through their Seed Capital fund. The total term of seed stage investments made by SODENA are between 5-8 years.

The firm also manages Start Up Capital Navarra which has participation from the government of Navarra and 22 private and public companies. Start Up Capital Navarra typically invests up to €400,000 and minimum of €100,000 with an average investment of €200,000. The terms of investment for Start Up Capital Navarra are between 3 and 8 years.

The Navarra Tech Transfer fund invests in technology-based companies in the Foral Community of Navarra. The funds seeks to strengthen collaboration between companies, universities, and technology centers to increase the success of research and development projects. The fund has an average investment size of €500,000.