BackFund

🪐 The 3 main points of the #NewSpace event I attended yesterday from a VC perspective 👇 1. Spacetech founders in our region feel there is a lack of investment, but VCs are indeed interested in the tech 💥 2. The problem lies on risk management and trust. European investors tend to be risk-averse and the complexity of the tech makes it difficult to trust 💔 3. CVCs may have an opportunity in all this 💡 Now let me explain in detail: Yesterday, I attended the event "Connecting needs and capabilities in the New Space ecosystem" organized by Grupo Álava. It was a fantastic discussion on the challenges and opportunities within the New Space sector in Spain and Portugal. The point that caught my ear was raised by New Space startup founders. They perceive a lack of private investment in our region. However, from my point of view, it's not about a shortage of funding, venture capital firms are indeed interested in this sector. So where is the problem? 🤔 The problem is risk. Here is why. On the one hand, in Europe we tend to be more risk-averse compared to other regions where the aerospace industry is thriving, such as the United States. On the other, there’s often a gap in understanding between investors and the tech involved in New Space, which can limit trustiness. When we manage to overcome these issues, we will see more European spacetech unicorns popping up. I also see an opportunity for corporate venture capital (CVC) to bridge that gap. Corporates in the Aerospace sector that have technical knowledge and industry insights can support and validate emerging tech. Speaking of CVC, my team at BackFund recently released a report where we explore the CVC situation in Spain in depth. You can check it out here: https://lnkd.in/dB4mi6_W What do you think about all this?

Calling all VC Analysts! 📢 We’re putting the finishing touches on Raising VC Stars, a training programme designed for women working in VC. This initiative, funded by the European Union as part of the Supernovas program, aims to empower the next generation of female VC leaders. This year, we are partnering with BackFund to ensure the highest quality possible.🎖️ We need your input to make sure this program meets your needs and delivers maximum value. Please take a moment to complete this quick survey, it will help us fine-tune the program and ensure its success https://tally.so/r/3NYl1N If you’d like to secure your spot early, you can sign up here! https://lnkd.in/dJE82bKt #FemaleVC #VCTraining #VentureCapital

Esta semana hablamos destacamos el trabajo de Deborah Li en BackFund Deborah ha formado parte del comité de inversión de Back Fund y nos ha ayudado a construir el portfolio de oportunidades que tenemos actualmente. También ha prestado una labor incalculable ayudando tanto a proyectos del sector #retail como #insurtech aprovechando su posición de VC en Mundi Ventures, uno de los principales VC's en España y el más internacional. Gracias Deb por tu ayuda construyendo Back Fund

Hoy toca un poco de autobombo. Acabamos de publicar nuestra nota de prensa sobre el cierre de nuestro primer vehículo de inversión BackFund Tras estos 3 años hemos podido analizar más de 1,200 startups en las cuales hemos invertido en 16 proyectos De las 16 startups, siete son de Barcelona (Gelpiu, WitSound Technologies, Balio, NUWE, Nester , Emocional y Dolfin ), dos de Madrid (VENPED y Clariteia), dos de Galicia (AirCO2  de A Coruña y eYARD  de Vigo), y las otras cinco se reparten entre Valencia (Ordatic), Málaga (Coberio), Toledo (Qsimov), Asturias (Imageryst) y Bilbao (QCentroid). Durante este tiempo tenemos muy claro que nuestra propuesta de valor tiene que ir enfocado a Conocimiento + Capital "Trabajamos con los fundadores en aquellas necesidades que experimentan en el desarrollo de su proyecto, aportando valor en aspectos como el desarrollo de producto y tecnológico, además de presentarles a inversores y potenciales clientes. De hecho, nos enorgullecemos de haber conseguido que nuestras participadas firmen 15 contratos con clientes por valor superior a los 700.000€", subraya Karel Escobar." Podéis leer más en la nota de prensa publicada Ahora a por los siguientes proyectos. Y recuerda! Seguimos activos invirtiendo!! 💰 Estamos gestionando un vehículo con mucho potencial Cáceres Investor Hub y otros acuerdos con Corporates.

Fact: Retraining AI models is the biggest challenge facing the industry due to excessive resource and energy consumption ⚡ At Qsimov, identified this bottleneck and worked to develop a solution 🤖 This led to the creation of GreenLightningAI, a system that redefines efficiency and sustainability in model retraining. Unlike traditional deep neural networks, which require processing large volumes of both old and new data, such as ResNet 152, GreenLightningAI only needs to process new samples 🧠 This is possible because of our design, which decouples structural knowledge from quantitative knowledge. In other words, our system updates only what is necessary 📈. This approach achieves remarkable results: 🔷 Efficiency: GreenLightningAI can retrain models up to +x200 times faster than ResNet 152 while maintaining accuracy. 🔷 Sustainability: We reduce energy consumption by two to three orders of magnitude (100x-1000x) compared to traditional DNNs. 🔷 Applications: Our technology excels in machine vision, edge computing, large language modeling (LLM), and more. Not only do we outperform DNNs in efficiency, but we are also greener and more sustainable ♻ > For edge computing, our incremental retraining capability directly on the device eliminates the need to send data to the cloud, enabling real-time adaptability. > For large language models, such as those used in ChatGPT-4, our approach reduces costs and power consumption, facilitating economically viable development If you would like to see how our technology can transform your applications and contribute to a more sustainable future, contact us 🦾 Explore the possibilities of GreenLightningAI by visiting our website ⚡ #AI #Innovation #Technology #GreenLightningAI #Qsimov #MachineVision #EdgeComputing #LLM #GreenAlgorithm

🤯 Este año repetimos y nos a subimos al escenario! Este 📅 #5 de junio de ⏳ 11:10hs a 11:40hs en el #Catalyst Stage del South Summit. Desde la Cámara de Comercio de España y la Cámara de Comercio, Industria y Servicios de Madrid te invitamos a profundizar sobre el #ProductMarketFit. Tendré el placer de #moderar esta gran mesa integrada por: 🔹 Karel Escobar Sánchez, CEO y Cofundador de BackFund |🔹 Jessica Lelli, 360 Soluciones Cambio Climático | 🔹 Raul Estrada 朗武, CEO de Kiota Intelligence. 🚀 Ven a pasar un buen rato, aprender algún secreto y conectar con el #ecosistema de las #Cámaras de #Comercio de España. #SouthSummit #Startup #Innovation #Entrepreneurship #ProductMarketFit #CámaraDeComercio

Esta semana toca hablar de... Gema Parreño Piqueras Gema ha apoyado BackFund desde los inicios, cuando era únicamente una idea para unir gente que supiera de tecnología y quisiese apoyar a startups en fases iniciales. Y Gema lo ha bordado durante estos años! Nos presentó otros potenciales inversores y además ha realizado una labor impresionante ayudando a las startups del portfolio de Back Fund. Siempre dispuesta a echar una mano en sus desafíos tecnológicos especialmente en el área de la Inteligencia Artificial. Muchas gracias Gema en nombre de las participadas de Back Fund.