Índico Capital Partners today launched a new 125 million euro fund, Indico VC Fund III, which will focus its investment strategy on innovative technologies created in Portugal, Spain and Italy.
“The fund successfully secured an important initial contribution of 30 million euros from the European Investment Fund (EIF), the arm of the European Investment Bank (EIB) group specialized in investments in shares of SMEs and mid-cap companies”, says Índico, in a statement.
The new fund, VC Fund III, “will focus its investment strategy mainly on innovative technological companies created in Portugal, Spain and Italy, also actively seeking opportunities among the large diaspora of these countries”, such as the USA, the United Kingdom and other countries”, he adds.
The fund will focus “on investments ranging from the Seed stage [estágio inicial de investimento em startups] up to Series B [ronda de financiamento para startups que já passaram a fase inicial]specifically targeting companies developing enterprise SaaS solutions [‘Software as a Service’]IA [inteligência artificial] e ‘Deep Tech’ [soluções baseadas em avanços científicos e inovações tecnológicas profundas]as well as those in the areas of space and ocean technology”.
“We are very pleased to launch the third generation of Índico funds, with Indico VC Fund III – our sixth fund”, says Stephan de Moraes, president of Índico, quoted in the statement.
“Securing the initial commitment from the EIF, our main investors in previous funds, is a strong validation of our performance and strategy of focusing on software, artificial intelligence and ‘Deep Tech’ in Southern Europe. We are strategically positioned to identify and scale the best companies in the region and its diaspora and position them in the global market”, he adds.
In turn, the president of the FEI, Marjut Falkstedt, said he was excited “to join forces again with Índico Capital Partners to support the vibrant technological innovation ecosystem in Portugal, Spain and Italy”.
Through this operation, “the EIF will support investments in companies that are making a difference in artificial intelligence, cutting-edge technology and the blue economy”, he concludes.
Índico Capital Partners manages more than 240 million euros in assets under management distributed across five funds and supported 53 companies that, together, raised more than 2.5 billion euros.
The entity has contributed to the growth of several leading technology companies in southern Europe, including four unicorns, through its previous funds, according to the company.