Iñaki Berenguer Adds Valencian Investors to LifeX Ventures Biotech Fund

The entrepreneur and investor from Alicante, Iñaki Berenguer, is in trend among large Valencian institutional investors. Just a few days ago, Angels, the investment vehicle of the president of Mercadona, Juan Roig, announced the acquisition of a minority stake in his LifeX Ventures biotech fund, and now it is GoHub, from the Global Omnium group, who has joined as a minority investor.

In the case of the investment firm of the group linked to the water sector, it will be the first investment of its second fund in the United States, GoHub Ventures II.

The LifeX Ventures fund is a $100 million venture capital vehicle managed by Iñaki Berenguer (who has accumulated successes in startups such as Pixable, Contactive, Coverwallet) and the American Amol Sarva (Halo Neuroscience, Knotable, and Knotel). The purpose of LifeX Ventures is to invest in technologies that prolong people’s lives and help solve the global environmental challenge.

LifeX Ventures’ mission is to invest in innovative companies

GoHub Ventures II operates as an independent fund, regulated by the National Securities Market Commission (CNMV), and is the second investment vehicle of GoHub, which thus reaffirms its international vocation, its commitment to the most successful local entrepreneurs, and the diversification of its investment portfolio, whose core will continue to be highly technological startups with B2B SaaS business models and exponential scalability based on its product, vision, and strategy.

The mission of LifeX Ventures is, in Berenguer’s words, “to commercialize the latest scientific advances that today sound like science fiction so that anyone can be treated, cured, and monitor their recovery at an affordable price” thanks to the most sophisticated software and artificial intelligence. The biotech sector, predicts the Valencian, “will be where many of the world leaders of the next four or five years will emerge.”

Inés Calabuig, director of GoHub Ventures, stated that LifeX Ventures fund’s strategy consists of “investing not only in technology startups in verticals such as Enterprise Software, Cloud Infrastructure, Artificial Intelligence or Web3, but also in diversifying through alliances with other venture capital funds in areas with immense growth potential and a clear impact on the welfare of people and care for the planet (Climate Tech)”.

Calabuig said that “a new investment will be announced soon” and that the team “continues to work to find good opportunities both in Europe and in the US and Latin America”.

The first investees of LifeX Ventures

LifeX Ventures already has 12 startups in its portfolio (nine US and three European) and plans to raise this figure to a maximum of 45. For Berenguer, the participation of GoHub Ventures “is a great honor and a sign that in Spain there are also VCs that support the most cutting-edge innovation”.

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(Featured image by Themil via Pixabay)

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First published in elEconomista.es, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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