Real Madrid gets FundingBox on the team

Jul 31, 2020 • Callum Cyrus

The football club will match up to $5.3m in FundBox investment for startups in the form of expertise and resources.

Real Madrid Next, the open innovation arm of Spanish football team Real Madrid, formed a venture capital partnership with Spain-based VC firm FundingBox yesterday.

FundingBox will invest up to €4.5m ($5.3m) in 30 startups over the next three years through the scheme, with Real Madrid matching that with resources and project management expertise valued at the same size.

The initiative will target developers of technology in sectors such as digital health, customer engagement, cybersecurity, audiovisual content creation and social work…

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