(and we’re not even talking about the weather) — By Agathe Destruhaut with the help of Christophe Primault, Sébastien Lefebvre, Xavier Lazarus, Julien Macquet, Marc Rougier and Saish Rane. 1. Why we chose to invest in Spain From entering a nascent market… (pre-2010) Elaia’s strong interest in Spain is not accidental. Shortly after launching Elaia, Xavier Lazarus, who is half-Catalan, noticed a growing opportunity in this emerging tech ecosystem.