- The fund will managed autonomously, leading funding rounds with initial investments of up to $15m in companies across Europe and the Americas
- Mouro Capital will manage the existing portfolio of Santander Innoventures, which established in 2014 with an initial $100M allocation
- The corporate venture fund and has a globally diversified portfolio, both geographically and thematically within fintech
- Santander Innoventures has delivered financial returns, with internal rate of returns (IRR) in 25-35% range since inception in 2014
- Mouro will be led by general partner Manuel Silva Martínez, who joined Innoventures five years ago and has led the fund since 2018
- The decision to spin out its investment arm is another milestone in Santander’s four-year (2019-2022) €20 billion digital and technology investment plan
