King & Wood Mallesons (“KWM”) funds team has advised All Iron Ventures ("All Iron") on the closing of its first fund, All Iron Ventures I, which has reached investment commitments of €66.5 million. The new investment vehicle has the participation of approximately 150 investors, including several family offices and successful entrepreneurs.
The volume committed to this first fund, summed up to the contributions made by the founding partners of the All Iron Group (Ander Michelena and Jon Uriarte) and by other investors, raises All Iron total investment firepower to close to €110 million.
Ildefonso Alier, partner at KWM's funds team, has overseen the coordination of the multidisciplinary team of lawyers who has advised All Iron in this project. Another outstanding member in the legal group is the associate María de Orueta.
As Ildefonso Alier points out, "the success achieved by All Iron Ventures with this first fund shows, once again, the good times currently being enjoyed by venture capital sector in Spain, where numerous investment vehicles with this strategy have been closed over the last few months”.