Cathay Innovation to acquire a minority stake in Seaya Ventures.

Cathay Innovation, a venture capital firm, agreed to acquire a minority stake in Seaya Ventures, a Spanish venture fund. Financial terms were not disclosed. “Seaya Ventures has played a critical role in the rising startup and technology landscape in Spain and across many Spanish speaking countries. We are extremely fortunate to count Beatriz and the entire team as trusted and knowledgeable partners that not only represents another bridge across continents, cultures and knowledge from Europe to China, the US, Africa, Latin America and beyond, but breaks the imaginary borders separating investment firms. At Cathay Capital, we believe that all people driving innovation forward – whether that’s entrepreneurs, investors or leading corporate executives – need to learn and work together to build the extraordinary companies that will lead the transformation towards a more digital, sustainable and equitable world," Mingpo Cai, Cathay Founder, Chairman and CEO.