Roca Group, a Spain-based bathroom maker, has launched a corporate venturing fund to invest €25m ($27m) in startups.
Roca Group Ventures will invest between €500,000 and €2m per project over the next five years as advised by Alantra, a financial services and asset management firm.
Roca Group has defined four business areas of interest: wellness and smart bathrooms; new businesses and materials; energy efficiency and rationalisation of water consumption; and operational excellence in its industrial processes.
An undisclosed executive will be appointed from the organisation to act as ventures head.
