‘Spin offs were supported by Critical Software – Economic

“Having an umbilical relationship, there was transfer of ‘know how’, which is not possible with other fund,” says Rui Melo Biscay, which is now ahead of the Watchful Software and before that ran the Critical marketing Software. The company, which meanwhile moved its headquarters to the United States but maintains product development in Portugal, has received other funding from a ‘venture capital’, this time American, Hudson Fairfax.

“The some point in our journey we realized we had incubated ideas and technologies within the Critical Software (our company first and pillar group company) that were sufficiently distinct from the core business and had a maturity level that should follow a path own and autonomy in terms of teams, channels funding, “explains João Carreira.

To date, Critical Ventures has invested in seven companies: Critical Manufacturing, Coimbra Genomics, Critical Materials, Oncaring, Critical Links, Watchful Software and Critical Health. But if some of the financed emerged within the own Critical, others were brought by foreign entrepreneurs “with immense talent who saw in Critical a partner with experience, boldness and credibility to associate”.

Critical Ventures investment has been made in areas “where there are synergies with the Critical Group, and with the markets, sectors and geographies” in which it operates. But what is at the disposal of the subsidiary companies is not only the money. “What puts us in a unique position” is, argues John Careers, allow “access to engineering talent and software technology, access to distribution channels, access to markets and clients, access to talent management and the Group’s sales Critical “. It should be noted that 80% of the turnover of the group of Coimbra is already done worldwide, with customers in over 40 countries.

The first fund of Critical Ventures of 7 million euros, and that had some financial partners like Caixa Capital, Montepio, Finova and Portugal Ventures, is sold out, but the company is preparing to launch the second, the Critical Ventures II, still no date set.

For the second fund financing Critical, just a contact through www.critical-ventures.com.