Nucaps Nanotechnology — Seed (estimated) · €325K

First close of a €2M international round meant to scale the encapsulation technology industrially and grow outside Spain. It combines a €150K convertible participative loan from Sodena with €325K from CNTA, the University of Navarra and the UN I+D+i Tech Transfer Fund (managed by Clave Capital), plus existing shareholders. The rest of the €2M was still open when announced, and a later €5M round (with the NuCla salt-reduction product) was only launched, with no reported close.