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The round was led by Clave Capital with the participation of the Mondragon Corporation, Bexen Cardio and the Center for the Development of Industrial Technology (CDTI), through its Innvierte program, which co-invested €1.22 million along with 465 individual investors who contributed up to €1.13 million through crowdfunding rounds organized with Capital Cell.
Founded in 1934 and located in the País Vasco, Cegasa Portable Energy is the second largest producer of the electrolytic manganese dioxide in Europe, with annual sales of €17,7 million in 2019. The sale includes 50% of the shareholding that the company keeps in Energía Portable Cogeneración, a partnership with Iberdrola Cogeneración that operates an electric power generation unit.
This is the third round that closes this pioneering venture capital fund in its commitment to technology transfer projects and entrepreneurship generated within a Public University, in order to accompany them on their release on the market. This is its third investee since its activity beginning in March 2016, after QUIBIM and AWSensors investments.
With its headquarters located in Tangier (Morocco) and Oiartzun (Spain), SJL’s main activity is road transportation between Europe and North Africa countries. The group also offers logistics, storage and national transportation services.
Since Miura entry in Guzman´s capital on 2011, the company has gone from sales of 34 million euros to exceed the €100 million planned for 2017.