SETT invested €215.6m in audiovisual in 12 months; total nears €250m

Spain's SETT, the Ministry for Digital Transformation's venture-capital fund, invested €215.6 million ($252.3 million) in audiovisual over the past 12 months, according to Variety. Total investment under its Spain Audiovisual Hub Fund is just under €250 million, according to María González Veracruz. The fund can draw up to €1.5 billion in NextGenerationEU financing, Variety reports.