Santander Innoventures has been spun off by its parent company into an autonomously managed fund called Mouro Capital with its capital allocation doubled.

Spain-based financial services group Santander spun off its corporate venturing subsidiary, Santander Innoventures, into a newly formed venture capital fund called Mouro Capital today, doubling its commitment to $400m in the process. Santander Innoventures was formed by the bank in 2014 with $100m in capital, before its allocation was doubled to $200m two years later.…

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