Wayra operates as Telefónica's venture-client fund where startups are selected primarily to become immediate technology suppliers to the corporation, with around 75% of investments driven by direct synergies with Telefónica's business units rather than flexible bets. The fund provides startups with deep integration into Telefónica's commercial infrastructure including access to a 40M+ customer base and telco-grade distribution assets, while combining local scouting across Europe and Latin America with centralized commercialization through Telefónica's global business units.
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