Basque government's new €50M Ezten II fund debuts with €1.5M bet on Walter Pack
What's the deal? The Basque government has launched its new Ezten II fund, backed with €50 million, opening with a €1.5 million investment in Walter PackDealroom has a profile for this one. Try Dealroom →, a plastic parts maker based in Igorre, Bizkaia. The company designs decorative plastic pieces and counts Grupo AntolinDealroom has a profile for this one. Try Dealroom → among its reference shareholders.
Who's investing? Alongside Ezten II, the deal drew the Bizkaia provincial council, through Bizkaia Seed Capital, and Stellum GrowthDealroom has a profile for this one. Try Dealroom →, a private fund tied to the Artizarra foundation.
Why now? Ezten II is one of several new vehicles announced under the Euskadi Eraldatuz 2030 strategy, a set of measures to invest in companies. The fund targets medium-sized firms and, unlike vehicles such as Finkatuz or Indartuz, will be managed by SpriDealroom has a profile for this one. Try Dealroom →, the industry department led by Mikel Jauregi.
What's the endgame? Walter Pack serves the automotive, medical, industrial, and white goods sectors, with operations in Barcelona, Alicante, and Mexico. It employs more than 450 people and projects revenue of €100 million by 2029.
The signal: The launch marks the Basque government's push to channel public capital into mid-sized industrial companies, pairing regional funds with private backers to scale local manufacturers.
Read more: Crónica Vasca
Image credit: Generated with Gemini
