Cartagena Capital to source investment opportunities for Telefónica
European investment bank retained by Telefónica Ventures to globally source and evaluate suitable investment targets
Cartagena Capital GmbH, the Munich-headquartered investment banking boutique has been retained by Telefónica Ventures, the venture capital arm of leading operator Telefónica Digital, to source and evaluate suitable investment opportunities around the world. Cartagena Capital has been working for Telefónica Ventures since 2011 and the contractual relationship has just now been renewed.
In light of the fast growing innovation in its international markets, Telefónica Ventures, a unit of Telefónica Digital, has significantly increased its investment activity since the middle of 2011 and is focusing more and more on international investments.
Tracy Isacke, Director Business Development Investments, based in Mountain View/California, about the relationship: „While we are based in the middle of Silicon Valley, the heart of the global technology industry, we are increasingly seeing fantastic companies being started in all parts of the world. Some of these companies could have an impact on our long-term business. Working with Cartagena Capital will provide us with access to high quality global deal-flow thanks to their deep understanding of the technology markets.“
Falk Müller-Veerse, Managing Partner and Founder of Cartagena Capital commented: „Working with Telefónica Ventures is an extremely exciting project and we feel very honored by given the chance to contribute to their growth strategy and scout more relevant potential investment opportunities for them.“
About Telefónica Digital
Telefónica Digital is a global business division of Telefónica. Its mission is to seize the opportunities within the digital world and deliver new growth for Telefónica through research & development, venture capital, global partnerships and digital services such as cloud computing, mobile advertising, M2M and eHealth. It is also driving innovation in over the top communications services under a new umbrella brand called Tu. Telefónica Digital will deliver these new products and services to Telefónica’s 309 million customers as well as leveraging the power of the Internet to enter new markets. It is headquartered in London with regional centres in Silicon Valley, Sao Paulo, Spain and Tel Aviv. Jajah, Terra, Tuenti, Media Networks Latin America, 48 and giffgaff are all managed under the Telefónica Digital umbrella.
More at: www.telefonica.com/digital
About Cartagena Capital
Cartagena Capital is an international investment banking boutique focused on technology and digital media/Internet. The firm was founded in Munich in 2001 and has offices in Zurich, Barcelona, Brussels, London, Silicon Valley and Singapore. Cartagena Capital is very active in the venture capital community in providing transactional advice in the areas of M&A and fundraising.