RED Capital Partners, a new venture capital firm with offices in Madrid and Tel Aviv, has announced that it will launch RED Ventures Fund I, EMEA’s largest VC fund investing exclusively in high-growth tech companies founded or co-founded by women.

RED Ventures Fund I channels the exchange of technology between Israeli and European companies and opens opportunities for Israeli companies to enter the European market. The fund also invests in European technology companies, with a particular focus on Spain, looking to expand internationally, or to access Israeli innovative technology.

With a target size of €50m, the fund will back up to 10 portfolio companies. RED invests in previously funded companies with strong and differential technological components and sustainable competitive advantages. RED assumes the role of lead, co-lead or sole investor in all investment rounds writing equity tickets of up to €10 million from RED Ventures Fund I, plus the possibility of channeling additional capital with co-investments from its LPs.