ICO increases global Fondico to €1.5 billion

20/11/2015
Diego Gutiérrez
ICO increases global Fondico to €1.5 billion

Due to the good performance of the Fondico Global fund of funds two years ago, ICO has decided to increase the FOND-ICO Global endowment by €300M, from €1,200M to €1,500M.

Election of Fondico beneficiaries
The news comes at the same time as the resolution of the fifth FondiGlobal call, which has benefited 6 fund managers.
FOND-ICO Global's investment in the six selected funds will reach a maximum of €121M, of which €100M will go to two Expansion Capital funds, €12.85M to two Venture Capital funds and €7.74M to two Incubation funds. For their part, the successful candidates in this 5th call will invest a minimum of €606M in Spain.

The management companies selected in the fifth call were:

 

Fondico enables €3.2 billion to be raised for Spanish companies

This is Fondico's fifth call since its opening in 2013, benefiting 35 funds for a total amount of €876M.

 The fifth call was launched last summer with €154M. A sixth call will be considered before the end of the year, taking into account the market situation and the turnout of the fifth call.

The funds selected in the five calls made to date will invest around €3.2 billion in Spanish companies, out of a total of more than €10 billion, which is the target to be raised by the selected funds, both in Spain and abroad.
If you are looking for funding, please contact us. Abra-Invest has a team of experts in public financing at your disposal. Call +34 946424142 or fill in the contact form.

Other posts that may interest you

New Venture Capital Funds October 2015: Resilence, mVenturesBCN and Columbus

Gaitek: aid for Basque companies wishing to develop new products or new technology-based companies

H2020 PPP in the field of Big Data

 

Lastest news

Informe de valoración de sector SaaS 2025

Valoración de SaaS en 2025: perspectivas de los mercados públicos El sector SaaS en 2025 presenta un panorama de valoración más realista, aunque cautelosamente optimista. Tras los espectaculares máximos de 2021 y la fuerte corrección de 2022, las valoraciones de las...

Baker Tilly asesora a T2O en su adquisición de Fly Me to the Moon

t2ó ONE, una agencia española especializada en performance marketing y transformación digital, ha anunciado la adquisición de Fly Me to the Moon, una agencia creativa reconocida por su enfoque estratégico e innovador. Esta operación permite a t2ó ampliar sus...

How is technology transforming film and television? | 5 trends

El sector audiovisual está viviendo una revolución silenciosa pero imparable. No se trata solo de efectos especiales más espectaculares o de nuevas plataformas de streaming. Estamos asistiendo a una transformación radical en la forma en que se produce, se distribuye y...

Do you want to sell or buy a company?

We are experts in M&A transactions in the technology sector.

Subscribe to our newsletter

    On which topic would you like to receive information?

    Request for information

    If you want to buy or sell a company, or need more information about our services, do not hesitate to contact us through the form.

    Or if you prefer, call us at:

    +34 946 42 41 42