Axis, the ICO Group's Private Equity firm, resolves the ninth Fond-ICO Global call for proposals

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BY : Diego GutiérrezNovember Tue, 2017
In this round, eight funds have been selected in which Fond-ICO Global will invest around €160M. The selected funds are committed to invest a minimum of €817M in Spain, which is 5.1 times the amount provided by the ICO.

The Official Credit Institute (ICO) once again strengthens the public-private fund of funds with which it seeks to boost venture capital in Spain. Axisthe public bank's private equity firm, has resolved the ninth call of Fond-ICO Global with the selection of eight funds in which it will invest €160M.

Of this total approved investment volume, €100M will go to the two funds selected for the "Expansion Capital" category, €44.8M to the three "Expansion Capital" funds, and €44.8M to the two funds selected for the "Growth Capital" category.Venture Capital"14.1M will go to the three funds selected in the "Incubation/Technology Transfer" modality.

The following funds have been selected:

Expansion Capital Category:



Venture Capital Category:




Incubation/Technology Transfer Category:




The funds selected in this call have committed to invest a minimum of €817M in Spain, which is 5.1 times the amount of €160M provided by the ICO.

These funds have been selected out of a total of 20 submitted in this call. Most of them were submitted for the Venture Capital and Incubation categories, which invest in companies in the early stages of development. Moreover, 25% of these funds are international, which demonstrates the relevance that this instrument is having in attracting foreign capital to our country.

Axis, the ICO Group's Private Equity firm, resolves the ninth Fond-ICO Global call for proposals


About FOND-ICO Global

The Fond-ICO Global fund of funds was created in 2013 in response to one of the biggest requests from Venture Capital in Spain, which called for greater public sector involvement at a time of serious difficulties for investment and capital raising in Spain. It is therefore an instrument that seeks to facilitate the attraction of foreign capital and the leveraging of private capital.

Since then, investments worth €1,424M have been approved for 64 funds, which will mean the investment of almost €6,000M in Spanish companies. So far, around €1.5 billion has been mobilised in more than 300 Spanish companies employing more than 97,000 workers.


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