Luis Casado Padilla, head of Spain-based oil and gas supplier Repsol’s corporate venturing unit, has moved to the company’s foundation to set up a €50m ($55.5m) impact investment fund.
Padilla said the Social Investment Fund at Repsol Foundation would support “startups with a double ambition: helping to solve relevant challenges around energy transition and environment and having a positive impact on the most vulnerable people in our society”.
The move comes after nearly two and a half years as corporate venturing director for Padilla at Repsol, with his deals including 3D printing company Recreus in March this year. The existing unit will remain independent of the new investment fund, he said.
Separately, Álvaro Reguera Ferrer and Elena de Benavides Jimenez have joined Spain-based power producer Red Eléctrica de España as venture capital manager and open innovation and
entrepreneurship lead, respectively.
Reguera had spent nearly four years as a senior investment associate at Repsol’s corporate venturing unit, now led by Jaime Martin Juez.
De Benavides had spent more than five years as investment director at VCl firm Gala Ventures, working closely with corporate partners and improving their relationship with startups.
Photo of Luis Casado Padilla courtesy of LinkedIn.
