AXIS, the venture capital company of ICO Group, resolves the eleventh investment round for Fond-ICO Global
Fond-ICO Global will invest around 166 million euros in the ten funds selected in this round, while in turn, the funds selected will invest a minimum of 675 million euros in Spain. In this, Fond-ICO Global's eleventh call, a new record number of participants has been achieved with the presentation of 36 funds, 13 of them international.
AXIS, the venture capital company of ICO Group, has resolved the eleventh investment round for Fond-ICO Global with the selection of ten funds, the largest number since its creation, in which it will invest nearly 166 million euros.
Given the multiplier effect generated by this instrument, the investment commitment of the funds selected in this call for proposals entails an injection of more than 675 million euros into Spanish companies (4.1 times the amount pledged by Fond-ICO Global). This investment will have an impact on the improvement of the productivity of these companies as well as greater growth on the economy and in employment generation.
In this new round, AXIS wanted to focus even more on the digitalisation and innovation of companies, assessing the proposals based on the digital transformation of SMEs and entrepreneurs.
Of the total volume of investment approved, 61.5 million will be allocated to the 2 funds selected in the "Expansion Capital" category, 41.5 million to the 3 "Venture Capital" funds, 23 million will be invested in the 3 funds chosen in the incubation/technology transfer modality and 40 million in the 2 selected debt funds.
The following candidates were selected:
In the Capital Expansion category:
- GED IBERIAN PRIVATE EQUITY, SAU SGEIC
- EVERWOOD CAPITAL SGEIC, SA
In the Venture Capital category:
- ADARA VENTURE PARTNERS III SARL
- SAMAIPATA VENTURES SGEIC, SA
- JME VENTURE CAPITAL SGEIC, SA
In the Debt category:
- ALTERALIA II MANAGEMENT SARL
- TDL MANAGEMENT SARL
In the Technology transfer category:
- SABADELL ASABYS HEALTH INNOVATION INVESTMENT, SCR SA
In the Incubation category:
- SABANG INVESTMENTS SA
- IUCT EMPRÈN, SL
For this investment round, 36 funds entered, being the call with more candidates than those made to date. More than 36% of the funds which have attended this call are international, which shows the relevance that this instrument is having in attracting foreign capital to our country.
From its creation in 2013 until 31 March 2018 Fond-ICO Global, the first public fund of private capital created in Spain, has approved investments amounting to 1,568 million euros in 72 funds. This volume will mean an investment of more than 6,000 million euros in Spanish companies. In addition, by December 2018, the funds in which Fond-ICO Global has a stake had already invested more than 2,598 million euros in 454 investments in Spanish companies, employing more than 130,950 workers.
In addition to Fond-ICO Global, AXIS also manages two other funds, Fond-ICO Infraestructuras, which finances the realisation of long-term sustainable infrastructure projects and facilitates the internationalisation process of Spanish companies and Fond-ICO Pyme, which finances the expansion plans and technological development of SMEs.